The Surprising Way to Stretch Your HOA's Dollars

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Professional Management Companies can help communities stretch their budgets, save money and improve quality. First Service Residential reveals three things great property management companies should do to achieve results.

For board members of condos, high-rises or HOAs, managing the community’s budget is a major priority. Board members continuously seek ways to save money on services, vendor fees and other expenses, while still maintaining high service.

Many communities across North America are able to save money year after year because of their partnerships with property management companies. Their savings and value are typically so significant, in fact, that they outweigh the initial costs of hiring these companies.

FirstService Residential, the leading property management company in North America, reveals several things an effective residential management company should do to improve a community’s cash flow and stretch its budget, including:    

  •     Working with quality vendors and negotiating the best prices and services
  •     Proactively conducting cost-benefit analyses of all services
  •     Researching and applying for grants
  •     Building consensus

Read the full article here.

About FirstService Residential

FirstService Residential is a subsidiary of FirstService Corporation, a global leader in the rapidly growing real estate services sector, one of the largest markets in the world. As a leading property management company in North America, FirstService Residential oversees more than 6,500 residential and commercial associations including 1.5 million residential units and over 50 million square feet of commercial space across 21 U.S. states and three provinces in Canada. The company has more than 12,000 employees driving local market expertise and manages in excess of $6 billion in annual budgets. For more information, visit


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Mary Sudasassi