Watch our Ask an Expert Video Series About HOA and Condo Community Insurance
We wanted to let you know about an exciting new resource for HOA and condo boards to learn more about how to better operate their community. We will be recording our discussions with industry leaders in a new video series: “Ask an Expert”. In this video you can...
Fiscal Responsibility Webinar Questions and Answers Plus Video Replay
Yesterday I was a guest presenter on Association Reserve's Webinar series. The topic: Is Your HOA/ Condo Association Fiscally Responsible? Over the course of 2 sessions yesterday we had some great questions from the audience that I wanted to share. Additionally, at...
9/24/19 Webinar: IS YOUR HOA / CONDO ASSOCIATION FISCALLY RESPONSIBLE?
Embezzlement. Payroll. Accounts Payable. Delinquencies. Operating vs Reserves. These just a few of the financial challenges boards and managers face twelve times a year. It is so simple to say “assessments should offset expenses” in running a community association....
Break the Cycle of your HOA or Condo Going Self-Managed to Full-Managed and Back Again
Do you notice at your HOA or Condo Community, or a neighboring property, where they seem to switch from full management to self-management and back again? Why does this happen, what are the costs of this change, and how can it be stopped? How do you break the cycle...
Can Your HOA or Condo Hire a Part Time or Consulting Manager?
Some communities are self-managed but want a little extra help. Other communities want to divide the monthly accounting from the other duties of a manager either due to competence or for better checks and balances. The solution is to use a manager on an as needed...
How Does Reporting Delinquent HOA and Condo Owners to a Credit Rating Agency Work?
There are always some owners that don’t pay their Homeowner Association (HOA) or Condo charges on time. Some owners don’t pay for many months – and the list of delinquent owners and the amount of money owed gets larger when there is a recession. The amount of...
Does your HOA or Condo Community Need a Manager for Capital Improvement Projects?
I talk to hundreds of HOA and Condo Board members every year. Many of them have a Community Association Manager or Management Company, working for them. Some of them dislike the high cost of the poor service they receive. However, they are reluctant to make a...
How Does Transitioning HOA or Condo Community Accounting Work?
Some Boards are hesitant to change accounting mid fiscal year. The fear may be that the accounting for the fiscal year end will be convoluted or inaccurate and can interfere with a year-end audit or tax filing. Or the fear may be that it is a lot of work. You don’t...
HOA and Condo Online Banking Tools for Board Members
A key part of financial transparency is access to banking information. We selected one of the few national banks that specializes in HOAs and Condo banking. We use this bank to provide operating accounts since as they interface with our accounting systems to provide...
Community Financials Visit with TOPS Software in June 2019
One of the software programs we use at Community Financials is TOPS. TOPS is the largest software company in the HOA & condo industry as measured by the number of management companies using it. It has 5 times as many clients as the next largest competitor...
Online Election Options for Homeowner Associations and Condo Communities
All in favor, say “Aye”! If only the process of electing community association directors were that simple! Depending on the size and complexity of your association, you may find the proper handling and record keeping requirements of annual elections to be a...
Want to Learn How to Stop Theft at your HOA or Condo Community?
Have you ever come across a story about theft at an HOA or Condo community? Ever think that it couldn’t happen at your community? Maybe it couldn’t but there is an outside chance that it could. Maybe not with the current board but a future board? If you want to...
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Long Form Articles
If you like our blog posts you will love our long form articles.
They are packed with useful information to help your Board.
10 Steps to Self-Manage your HOA/ Condo Community
Save over 50% of a full management fee while still receiving support from professionals with a majority of the tasks involved in operating a community.
What Laws Does the State with the Most Condos & HOAs (Florida) Have That You Can Learn From?
Florida has the most HOA and Condo Communities in the country. They have many laws that make sense to help protect owners.
Top 11 ways to Avoid Fraud Theft at your HOA Condo Community
Use this as a resource to start a conversation with your Board.
Articles
Financial Best Practices and Transparency
The Latest Tools to Help Communities Safeguard their Funds
Outsource Day-to-Day Accounting Tasks
Self-Managed Community Support or Lower Cost Option to Full Management
More Resources
Info Sheets
Large Community Brochure
Licenses & Certification
Communication
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