Whether you are self-managed or considering self-management for your condo community or homeowners’ association you don’t have to go it alone. The Board has several options. Besides finding a solid volunteer Treasurer you can use a full service management company, a CPA, a bookkeeper or a specialty company to help. Continue reading to learn more…
One of the first questions potential financial management clients want to know when they call our company is: how much does financial management for a condo community or HOA cost? Although this is a very difficult question to answer, I will try to do my best here to explain some of the general pricing guidelines….
So you decided to have a company help your board perform the monthly accounting tasks to operate your community. The commencement of this service is documented with a Financial Management Agreement. Curious about the main provisions of a financial management agreement? The agreement will help explain what tasks will be performed, when they will occur…
I hear it all the time: “my community manager is unresponsive or a poor communicator” or No one at the management company picks up the phone or calls us back!” The first bad omen of poor service is that when you call your manager the phone goes to a voicemail box. When I owned a…
Moving away from your current property manager is not as difficult as community boards think. This article discusses how to transition your condo or HOA away from your current manager – the pathway forward to help you change from whatever you are suffering with now to a brighter future. Just like breaking up with someone you…
You know what? Becoming a self-managed community may not be right for you. It may be more work and you may have to learn a lot of new ways of doing things in an unfamiliar industry. But if you are looking for a low cost alternative to full property management, have a core group of…
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
