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5 Surprising Reasons to Raise Your HOA Assessments
If your main concern is to avoid increasing assessments, you may want to reconsider. As a board member, one of your primary fiduciary responsibilities is to protect property values, and assessments are an investment that helps do just that. -
Reserve Funds, Assessment, or Loan: 3 Ways to Pay for a Capital Improvement Fee
Great capital improvements lead to better property values. Read on to see the three ways to pay for them and the pros and cons for each. -
The Facts about Synthetic Turf
Considering synthetic turf for your community common areas? Understanding the facts on what it's made of, benefits and disadvantages, and how it will affect children or pets will make all the difference when determining if synthetic turf is the right choice for your community! -
Getting Your Strata’s Spring Cleaning Started
As strata managers begin their inspection, they note the necessary repairs for winter damage as they make their rounds through the community. -
Smart Financial Planning
Safeguarding a strata corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means strata councils must protect the financial interests of the strata corporation and its members. -
Things to Consider When Creating Your Strata’s Budget
As a homeowner, you want to live in a place that accentuates your style – from a beautiful sense of arrival or exquisitely decorated building lobby, complete with freshly pruned trees and lush landscaping – but unless your strata council has strategically planned out your strata’s budget, you can forget all of that. -
Tis the Season…Will Your Holiday Packages Arrive Safely and on Time?
It’s that wonderful time of year! Many of us are shopping online to get that perfect gift for our loved ones. And, for those doing last-minute shopping, we don’t want to have to worry that something will go wrong with our deliveries. -
What Should you Expect from a Strata Manager
Not all strata managers have what they need to give you great service. Learn what it takes to be a great strata manager. -
Reserve Funds, Assessment or Loan: 3 Ways to Pay for Capital Improvements
Strategic capital improvements lead to better property values. Read on to see the three ways to pay for them and their pros and cons. -
Contractor Tips: How to get the best from your contractor
When you hire a contractor, it could either be the best decision you ever made, or the worst. The stakes are high; a good contractor will execute your vision on time and on budget, whereas a not-so-good one will be the source of bad workmanship, unexpected delays, inconvenience and a whole lot of headaches. -
HOA bidding procedures: Simplification tips
Picture this: your homeowners association has a big job that needs to be done, so you’ve got to find a qualified contractor to do it. How do you manage your vendor selection process to make sure you find the best one to fill your needs? -
Five reasons to use quality HOA vendors
When you have a large-scale project slated for your community, it’s tempting to select a vendor based on price. After all, what’s more important than saving your association money? -
Understanding virtual board meetings in your HOA and COA
Given the unprecedented practice of "social distancing," now may be the best time to find the right video conferencing platform for your association. -
What is vendor management? Communication, tips, and processes
Vendor management is a large part of serving on the board of a managed community. Every community has outside partners for services like landscaping, sanitation, cable and Internet provision, pool maintenance, valet services and more. Open and effective communication among the board, the management company and the vendors employed by the association is an important part of making the most of any community’s operating budget and improving the lifestyles of its residents. -
What to consider when hiring property management vendors
Your Board of Directors oversees the many day-to-day tasks required to operate and maintain your community…but they can’t do it alone. Your property management team will be expected to hire a wide array of vendors, including painters, plumbers, electricians, landscapers, repairmen for equipment maintenance or emergencies, exterminators, and more. -
Four ways to fund an HOA capital improvement project
Living in a residential community means around-the-clock routine maintenance to preserve the community and its assets. But there comes a time when one of your assets will reach the end of its useful life and require a replacement or significant repairs. -
Capital improvements vs repairs and maintenance: What’s the difference?
Maintaining your buildings’ assets is not a one-size-fits-all proposition. The common areas require a broad range of routine maintenance and repairs to keep them looking good and operating smoothly. -
Hiring a reserve study company: Five things to know
In our guide to capital improvements , reserve studies and their relationship to capital improvements and preventive maintenance were discussed at length. -
Handling vendor contract disputes and conflicts: A step-by-step guide
You’ve been there before. You meet with a vendor, they seem like a great choice, and then after a month or so, you find yourself in a dispute. -
HOA Vendors: Vendor management tips for great results
Here are some tips to manage your HOA vendors more effectively & and get the results you're looking for. -
Why association boards chose FirstService Residential
Finding a property management company to partner with your board isn’t easy. Find out how we can help you. -
3 Cost Containment Strategies to Minimize Assessment Hikes
Your fiduciary responsibility is the most important commitment to fellow homeowners. Learn cost containment strategies that can save your association money. -
Comprehensive Flooring Policy: How to Deal with Noisy Neighbors
Does it sometimes sound like your upstairs neighbors are bowling in their living room? Noises from above can be disruptive, but they might not be entirely your neighbor's fault. -
Vendor Communication Best Practices: The Do’s and Don’ts
Open and effective communication among the board, management company and vendors is an important part of any community's operating budget and for improving residents' lifestyles.