FirstService Residential Publishes Industry-Leading Benchmarking Guide for Florida Condo and HOA Communities

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New Benchmarking Guide Lets Communities Check Costs Against Similar Communities

FirstService Residential, North America’s premier property management company, recently published The Definitive Guide to Florida Condominium & HOA Operating Spend, a first-of-its-kind industry guide reporting on community association expenses based on the thousands of community associations it manages.

Also known as The Benchmarking Guide, it provides association managers and board members with a look at what communities in Florida are spending for individual budget line items – based on construction type, location, age and number of units – to compare to their own spend.

“We believe the compiling and publication of this data exemplifies the value that a partnership with FirstService Residential brings to our communities,” said David Diestel, regional president, South. “More than that, this Benchmarking Guide is what many of our boards expect from us – our insights as the leader in association management. Furthermore, publishing this Guide is part of our larger responsibility to raise the bar for professionalism in the industry.”

The Benchmarking Guide includes industry reports that identify trends across some of the most significant line items in an association’s budget – insurance, utilities, cable television, elevator maintenance, and trash collection. It also guides community association boards on making decisions as to how to balance assessments with investments in resident lifestyle and services.

For more information or for a copy of The Definitive Guide to Florida Condominium & HOA Operating Spend, contact Christian Mora at christian.mora(at)fsresidential.com.

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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