FirstService Residential Creates Comprehensive Guide of Budgeting Fundamentals for New York City Multifamily Properties

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In-house experts develop budgeting guide to help condo and co-op associations secure a powerful financial future

FirstService Residential, New York’s leading property management company, has produced a comprehensive financial guide for New York City condominiums and cooperatives in anticipation of annual budget season. Created by the company’s in-house financial experts, “Budgets, Reserve Funds and Financial Planning 101: A Guide to Building a Powerful Financial Future for Your New York City Cooperative or Condominium” serves as a springboard for the financial success of multifamily properties.

“Well-managed, financially healthy properties can consistently delivery essential services while strategically pursuing long-term capital improvements that allow them to compete in a changing landscape,” said Dan Wurtzel, president, FirstService Residential New York. “We created this guide to help boards meet their fiduciary responsibility to minimize unexpected expenses, control operating costs, and safeguard investments to preserve not just the value of the property, but the lifestyle that owners and shareholders expect.”

“Budgets, Reserve Funds and Financial Planning 101” offers valuable tools to assist boards in increasing the value of their properties, and the satisfaction of owners, as it relates to financial strength and stability. This includes the fundamentals for developing annual budgets for their properties, as well as tips for smart, long-term financial planning.

To download the free guide, go to http://www.fsresidential.com/new-york/budget-guide today.

About FirstService Residential
FirstService Residential is North America's largest manager of residential communities and the preferred partner of HOAs, community associations and strata corporations in the U.S. and Canada. FirstService Residential's managed communities include low-, mid- and high-rise condominiums and cooperatives, single-family homes, master-planned, lifestyle and active adult communities, and rental and commercial properties.

With an unmatched combination of deep industry experience, local market expertise and personalized attention, FirstService Residential delivers proven solutions and exceptional service that add value, enhance lifestyles and make a difference, every day, for every resident and community it manages. FirstService Residential is a subsidiary of FirstService Corporation, a North American leader in the property services sector. For more information, visit http://www.fsresidential.com.

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Dana Collins
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