How do you ensure best practice bookkeeping is done correctly on a consistent basis at your Homeowners Association (HOA ) or Condo community? You standardize your process, document it, add checklists and then inspect that your accounting team is following the system. The Value of Checklists in All Vocations Earlier in my career, I was…
One of the biggest complaints when working with a property management or bookkeeping company is they are slow to pay vendor bills. This creates more work for the Board. The vendors call and ask for payment. The vendors stop working unless a payment is received and this causes problems especially when scheduling vendors around each…
What Board Member doesn’t want an easy way to do targeted communication with the homeowners in the community? That’s what we thought. So, we replaced one of the newsletters in our bundled services with an immediate communication tool. We added the ability for Boards to email, text or send voice messages to owners. This feature…
Are you a new member on your HOA Board, working on figuring out the in’s and out’s of your Board duties? Or are you a seasoned HOA leadership veteran who would like to learn more about a new reporting system your HOA has implemented? Most importantly, are you looking to become a pro at reading…
One of the core issues of the HOA & Condo management industry is poor communication rooted in a lack of responsive service. Years ago, as a Management Company Owner & Executive, I met hundreds of Board Members that complained that along with terrible financial information the main reason they were changing managers was awful communication. …
Community Financials is growing and we continue to add the best personnel to ensure you receive great service. We’re pleased to introduce Shannon McGuire as our newest Client Manager on the Tops Team! This role provides Boards with a primary point of contact to work with. She will answer questions related to financial reports, help…
At Community Financials, one of our core values is delivering WOW Service. WOW Service stands out from the industry average service. A core value helps us make decisions as a company on where to make investments. Over the last few months, we’ve made some blog-worthy investments. Upgraded phone system & call handling for Community Financials…
Does your self-managed condominium or HOA have anything to worry about when banks and other major financial institutions predict a coming recession? There sure is! Take steps now to prepare for the damaging financial effects of a recession. Forbes.com, Fortune.com, and even CNN have all run stories recently predicting a long-lasting recession that will have…
Over the last few years we have been busy writing blog posts, articles and other information to make operating or self-managing your Homeowners Association or Condominium Community easier. Our Goal is to make the Community Financials website a Board resource. In addition to the Resources page of our website we also have other places to…
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.
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