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  • Preventative Roof Maintenance is Crucial to the Sustainability and Longevity of Your Roof

    We can all agree there are many important elements to a housing structure, but your roof is probably the most important. Changing temperatures, snow accumulation, large amounts of rain, ice dams and high winds can all cause major damage to condominiums, townhomes and single-family homes. These harsh weather conditions can create all sorts of problems, from minor leaks to major cave-ins that can cost a condominium corporation thousands to repair.
  • The Difference Between Operating Costs and Condo Reserve Fund Expenditures

    Sometimes confusion exists over what expenses the operating budget covers and those that are reserve fund responsibilities. If board members understand the difference between the two, it's much easier for them to make the correct decisions when managing the affairs of the condominium corporation.
  • 7 Financial Must-Do’s for Condo Corporation Success

    There are so many things to enjoy about living in a condominium community. Among them are the sense of community, the great amenities and the high standards. However, if your condo corporation’s finances aren’t stable, none of it is possible.
  • Seven Tips for Preparing an Effective Annual Budget

    Proper condominium management depends upon the annual budget for both short- and long-term financial planning. It’s important to follow some guidelines to ensure the success of the community and protect the investment of the owners.
  • The Sharing Economy Part 2: Reducing the Risks to Condo Associations and Residents

    Short term vacation rentals are popular with both travelers and the homeowners that rent to them. Perhaps you have stayed in a home that was advertised on Airbnb or VRBO. Maybe you have rented your home this way. For the most part people love this alternative to staying in a hotel or a B & B. But what are the implications when the home is part of a multi-family community? What about the common areas and amenities for which all the owners pay upkeep? There can be insurance implications as well. This article discusses some ways the risks to the condominium and its residents can be reduced.
  • Six Simple Steps to Develop Your Condo Budget

    A good budget provides the framework for the successful operation of a condominium corporation. Sometimes condo board members are daunted by this important undertaking. We have broken the task down into manageable steps to help you create a financial plan that will accomplish your goals.
  • The Condo Residents’ (Unofficial) Bill of Rights and Responsibilities

    Life in a multi-family community is much more pleasant when residents and leaders each understand their individual rights and responsibilities. As in all aspects of life, respect for each other and adherence to the rules are key components to successful community relations.
  • The Secret to Great Board Member Communication

    As a board member of your condominium corporation you have many responsibilities. Within your role time management and organization are two vital aspects in the life of a board member, but what about communication? Let us offer you some tips on ways to best communicate as you fulfill your duties.
  • The Six Secrets to Building Your Condo’s Volunteer Pool

    As a board member for your condominium corporation, you know that your community depends on volunteers to operate successfully. However, finding residents who are willing to be on your board of directors, join a committee or help at an event can be challenging.
  • True Financial Stability

    A strong, healthy corporation requires every facet of property management to work in sync toward one common goal...true financial stability.
  • What are Your Property Manager’s Responsibilities

    What are your property manager's responsibilities? Find out if they have what it takes. Upcoming Condominium Management Licenses and more.
  • 3 Ways to Resolve HOA Disputes and Community Conflicts

    How do you resolve community conflict, prevent costly and time-consuming litigation and maintain a great reputation in the Nevada marketplace? Consider these three methods of alternative dispute resolution (ADR).
  • Avoid These 5 HOA Board Blunders

    To help you avoid the most common board blunders, we’ve identified four mistakes and some practical ways to avoid them. By preventing blunders, you can help steer your board in the right direction, which can ultimately help improve your overall community.
  • Six Ways to Have a Better Board Meeting

    Improved board meetings play a crucial role in building up your association’s reputation and relevance in the market, which ultimately helps improve property values. Learn the six principles for better board meetings.
  • Delivering Value: FirstService Residential Energy Aggregation Purchasing Program

    FirstService Residential has helped boards and building owners save millions of dollars in energy costs, in part, through our Energy Aggregation Purchasing Program.
  • Mitigating Board Liability & Personal Exposure – Part One

    A capable management company will enforce procedures and invest in technologies that help limit legal liability for the condo or co-op, and also mitigate board member personal exposure.
  • Mitigating Board Liability & Personal Exposure – Part Two

    Policy exclusions introduce increased risk to the board and often render a contractor’s policy meaningless. Properly vetting a contractor’s insurance is critical.
  • Electric Vehicle Charging Stations: Benefits & Incentives for Multifamily Buildings

    FirstService Residential recommends that all boards and building owners consider the installation of EV charging stations and incentives available through NYSERDA and ConEd.
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