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  • Seven Essential Financial Best Practices for Your Community Association

    Aug 11, 2017
    Community associations can be wonderful. They have amenities that otherwise might not be so close to home, like a community pool, fitness center, golf course or riding trails. Being part of a managed community often means having shared interests with your neighbors, imparting a sense of community that isn’t easy to achieve in an ever-transient world. It means that everyone abides by the same high aesthetic standards. But none of that happens without stable finances, including a balanced budget and a well-funded reserve.
  • Is Your Community Staffed Adequately?

    Aug 10, 2017
    Staffing your community association is both an art and a science. Your community’s culture and lifestyle are supported by the staff you choose, and it’s important to make sure that you’ve got the right people in the right positions, and enough of them. Properly staffing your community goes far beyond having people to answer the phone and handle packages or keep the pool clean and tidy. 
  • Making Things Simple: HOA Budget Best Practices

    Aug 10, 2017

    Budgeting is important, and it can be complicated. Fortunately, there are some steps you can take to make the process as painless as possible. Read on to learn what those steps are.

  • How Your High-Rise Can Respond and Prepare for Blackouts

    Jul 13, 2017

    Losing power is never fun. But it’s bound to happen at some point, so preparation is the best defense. Obviously, different types of communities are affected by blackouts in different critical ways: high-rises lose their elevators and water; resort-style gated communities lose the ability to operate their gates. For residents, a blackout may be a short-term nuisance. For a community association, it can be a major headache in terms of risk management, safety and potential equipment damage that can provide an unwelcome shock to your budget.

  • Six Essential Tips For New HOA Board Members

    Jul 07, 2017

    Congratulations are in order – you’ve just been elected to the board. So now the big question: What’s next? “The great thing about associations that are helmed by owners is that they have a vested interest in doing right by their community,” said Kirk Kowieski, CMCA, AMS, vice president of FirstService Residential. “But that also comes with challenges...many board members find themselves in this kind of position for the first time, so there’s a little bit of a learning curve.” Fortunately, FirstService Residential is here to help. Follow these new board member basics and you’ll soon be governing like a pro.

  • If Disaster Strikes, Is Your Community Association Covered?

    Jul 05, 2017

    Mother Nature has quite the surprises to throw at us! Sometimes, there’s some notice and time to prepare. But often, there’s no warning at all. That’s why it is critical to the financial health of your community association that you have the correct insurance coverage in place. What can happen if your high-rise building or community association common areas aren’t properly covered? Unfortunately, nothing good. That's why it is important to make sure your Association is covered with insurance. 

  • How to Be Prepared for and Emergency, What to Know, and How Your Property Management Company Can Help

    Jun 29, 2017
    Although you can’t predict emergencies, you can prepare for them. The most important thing that both board members and management can do to ready themselves for the unexpected is to create a customized emergency preparedness plan. A quality community association management company will have the experience, resources and knowledge to help you develop a plan that fits your specific situation.
  • Why a Team Transition Is The Best Approach For Your Community

    Jun 21, 2017
    How can your association avoid missteps and pitfalls when switching from one community management company to another? A great management company will have a depth of resources for your community, and that includes resources to help with your transition. To make sure that your transition goes well, you need to be able to rely on the skills of professionals in every facet of it. 
  • Why A Team Transition Is The Best Approach For Your Community

    Jun 19, 2017
    How can your association avoid missteps and pitfalls when switching from one community management company to another? A great management company will have a depth of resources for your community, and that includes resources to help with your transition. To make sure that your transition goes well, you need to be able to rely on the skills of professionals in every facet of it. 
  • How Should You Enable Board Member Succession?

    Jun 19, 2017
    Thriving business organizations plan for succession. It’s built into their corporate strategy – team members with potential are identified early on, and then groomed for the leadership positions they’ll someday hold.