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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. -
Staying Ahead of Your Condo Corporation’s Maintenance and Improvement Projects
Continually maintaining and improving your property is crucial if you want to protect your condominium corporation’s financial health. To ensure that these important responsibilities are well managed requires a long-term plan and a means of effectively handling day-to-day projects. Here’s how you can make that happen. -
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. -
Protect Your Pipes: Avoid Catastrophe in Your Condo Association This Winter
When the temperature dips far below freezing, you'll want to be sure your pipes are well-insulated. -
Why a Roof Leaks After a Snowfall – and What Can Be Done
Your residents are calling on about water leaks after a snowfall. Could an ice dam on the roof be the culprit? -
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). -
Tax Certiorari: Fast Facts for Boards and Owners in New York City
FirstService Residential managed properties have access to the tax certiorari experts at Goldberg Weprin Finkel Goldstein LLP, the premier firm in this specialized field. -
FISP (Local Law 11) - Understanding Cycle 9 Requirements in NYC
FirstService Residential has invested substantial resources to facilitate each of our managed properties with facade inspections and is here to help you navigate the many intricacies of FISP. -
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. -
Reserve Fund? Special Assessment? Loan? 3 Ways to Fund Capital Improvements
Great capital improvements improve property values. Read on to see the three ways to pay for them and the pros and cons. -
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. -
Is Your HOA (Really) Prepared? 13 Questions to Assess Your Maintenance Plan
Avoid facing surprise HOA maintenance costs. Here are 13 questions to ask about your preventive maintenance plan. -
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. -
9 Tips on How to Improve Communication Amongst Your HOA Board
Healthy board communication is the key to enhancing your Arizona HOA’s reputation and property values. Use these 9 tips on how to improve communication to strengthen your HOA board. -
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. -
Is Your HOA Maintenance Plan Proactive or Reactive? 12 Questions to Ask
Are you asking the right questions? A strong maintenance plan can be the difference between a well-run and run-down Arizona association. -
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.