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  • What Should My Association Board Look for in a Management Company?

    Oct 27, 2017

    As part of your responsibility to preserve, protect and enhance your community association, you may choose to bring in a professional property management company. Professional management can provide a depth of resources that you may not have access to otherwise, can help you optimize your budget while improving your residents’ lifestyles and more. 

  • What Are the Qualities of a Treasurer?

    Aug 18, 2017

    The board members of your community association serve many important leadership functions. Although they may have diverse backgrounds and skill sets, they are all committed to the common goal of bettering your community association, taking actions that ensure its financial health, enhancing property values and improving the lifestyles of the residents. What can happen if you don’t have an effective board treasurer?

  • Choosing the Right Banking Program for your Community Association

    Aug 14, 2017
    As a community association board member, one of your chief responsibilities is to protect the financial interests of your association and your fellow residents. That includes making sure that the association’s reserve and operating funds are carefully managed, protected and invested. Smart decision-making and sound financial stewardship are critical to the association’s long-term financial stability and health. Unfortunately, even the best-intentioned board members may not have the experience or financial knowledge to choose the right banking programs and products to meet their community association’s needs. What should you look for when choosing the best banking program for your association? Read on…
  • 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.

  • Five Steps You Can Take to Maintain Your HOA’s Financial Fitness

    Aug 11, 2017

    The principles to fiscal fitness and physical fitness aren’t that different: Don’t overindulge. Make smart choices. Keeping your community association’s finances healthy requires care and exercising good judgment. Follow our tips to help you do that.

  • 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. 
  • Seven Tips to Finding a Reserve Study Firm

    Aug 03, 2017

    Your reserve fund is what helps your association anticipate its future– and budget for it, too. This fund gives you the power to maintain the quality of your community by allowing for projects that are both necessary and expensive. Needless to say, establishing this fund can get a little complex. But you don’t have to be a fortune teller to read the future of your association, you simply need a good reserve study firm to help. Here’s how you can find one.

  • Creating Your Next Budget: Nine Easy Steps

    Jul 31, 2017

    There’s no reason to put off your next annual budget. You’re not just planning for the next year; you’re planning for the long-term quality and longevity of your community. We know that budgeting isn’t necessarily easy, but there are things you can do to make it less stressful and more rewarding for everyone involved. Read on for expert advice on how to budget more easily.

  • Planning for L.E.A.D.S. 2017 is underway

    Jul 14, 2017

    FirstService Residential is proud to announce L.E.A.D.S. 2017 will take place on Wednesday, September 27thp at the Convention Hall in Asbury Park, New Jersey. pWe are excited to report that our biannual event is now taking place annually! Our educational, networking event is focused and shaped on the attributes of Learn, Evolve, Achieve, Deliver, and Succeed.

  • 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.