When Should My HOA Consider Self-Managing With Accounting Support? Over one third of condo communities and homeowner associations (HOAs) are self-managed. If you have 200 units/homes or less or have a high level of board participation you are a prime candidate to self-manage with support. By support I mean with financial management services, administrative services…
A trend in many industries over the last few decades has been to divide up work among narrowly focused specialists. The medical profession is a great example – no longer do you see a heart doctor but one that specializes in valves or heart arrhythmia procedures. So too community association management is getting more specialized…
Whether you are an accounting geek, a systems person or just want a deeper understanding of accounts payable we are about to get into the nitty gritty of AP. In a full service management company I was a partner of and President I implemented a powerful AP system in 2004 that provides greater tools and…
Life is busy enough let alone adding a condo community or homeowners’ association (HOA) volunteer role to your list of obligations, especially if you are a self-managed community. We have set out to design our community accounting service to make the entire life cycle of how you deal with our company simpler. We hope to…
Are you a board member of a large scale community association? Are you reviewing your large scale community association accounting? You may refer to yourself as a Large Scale Association, A Planned Unit Development (PUD) or just a Planned Community. You may be a residential homeowners association, or condo community or maybe a mixed use…
There are many places for board member training depending on what state you live in. I’m a member and big fan of Community Associations Institute and their training programs. I’ve used their training programs to educate property managers and customer service employees at my previous full service management company. The following are a few good…
No one likes surprises when it comes to bills and expenses. I’ve spoken with thousands of board members over the years and one of their top complaints is that they don’t know where their money is going. If you don’t know what your community expenses are? Here’s a solution. Review Bills Before They Are Paid…
Is your community’s board Treasurer position like a revolving door? Is it hard to keep someone as the Treasurer of your condo community or HOA? Not only does this position have a lot of responsibility but they have a lot of monthly tasks to do. General Tasks Help develop the annual budget, review monthly financial…
Summer is over, kids are settled in school and the board is at full strength to tackle the community’s issues. One of those issues may be 1) finding a new management solution if you are dissatisfied with your current manager or 2) finding a resource to help the self-managed community board or Treasurer with all…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
Experience the difference with our professional financial services designed specifically for HOAs and condo associations. Simplify your finances with our expert support.
Need to change an existing consultation? Email info@communityfinancials.com
