Here’s where you’ll find recent articles about FirstService Residential, as well as our impact on the areas we serve.
There’s one challenge that plagues all board members, regardless of experience: communication. Part art and part science, communication is the key to building strong relationships and effectively meeting your obligations as a board member for your community association. Here are a few quick tips to ensure communication is flowing in your association.
Savvy boards are always keeping an eye out for ways to maximize revenue. If you’re interested in ramping up your revenue streams, take a look around and imagine the possibilities. Read tips on how you can generate cash flow from your existing amenities.
Technology has made so many facets of running any business easier. With all of that technology comes some risks. Hackers make careers out of trying to access data for fun and profit. Thankfully, there are things that you, the board, can do to help keep your community data safe.
Board members, among all the other things they do, must make sure that residents are properly informed about happenings in the community, upcoming events, policy changes and more. Community residents rely on that information and it needs to be clear and consistent. Consider these questions as a roadmap to great communication that will keep everyone on the same path.
Having a swimming pool, a fitness area, or a clubhouse for residents are perks that can make any community stand out. A good management company has people with many years of experience operating and maintaining these types of features, and they can offer many helpful ways for you to get the most for your community. Here are some ways your community can benefit from the experience of a community association management company, and make your job as a board member a little easier.
You’ve done all the homework. Crunched the numbers. Your reserve study is complete, your vendor agreements have been checked and your budget is done! Now what? There’s an entire process to creating the budget, followed by implementing it, and clear communication to homeowners, through every step of the process, is the best way to avoid problems.
We are all concerned about safety. High Rise management companies and Board members, who have a responsibility to protect the common property, must pay particular attention to security at their properties. A secure condominium means a happier and safer community, and that is what is most important to owners and residents.
The foundation of any good relationship is communication. And that also holds true for HOAs and community management companies, regardless of whether we’re talking about a townhome community, high-rise or a master-planned community.
Good rules are essential to a great community. The most important ingredients in creating community association policy are clarity and sensibility. The board must be clear on the policy being crafted and then must communicate that policy to all residents. Regardless of the subject matter of the policy, the basic steps to creating a good policy and enforcing it successfully are the same.
Your association’s reserve fund helps your board anticipate its future – and budget for it, too. This fund gives you the power to maintain the quality and curb appeal of your community by funding projects that are both necessary and expensive, such as roofing, paving and remodeling or updating common areas. Although establishing and managing this fund can get a little complex, you don’t need a crystal ball to see the future of your association...you just need the right reserve study firm to help. Follow the tips below to help your association find the right firm.
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