Ending Your HOA Management Contract As the song says, breaking up can be hard to do. In relationships we’ve now devolved from the face-to-face break up to the phone call break up, the break-up letter, the email break up and finally, the lowest form of break up, the text break up. But things are not quite…
I recently received a question from a prospect that I wanted to answer on this post that relates to the process and timeline for changing accounting services. Whether you are switching from full-management to self-management with support or from another accounting service I hope this helps answer the question regarding the sequence of events for…
More and more Homeowner Associations and Condo Communities are looking for easier online ways to handle elections. Not only is this more convent for busy homeowners it is also needed these days with social distancing compliance. Of course the best part is its easier for the board to administer and cheaper than paper based solutions. …
We provide the ability for homeowners to pay their association dues online. Our philosophy is to give owners as many ways to pay as possible. We had offered Visa, Mastercard and Discover card as options and now American Express is now added as an online payment option. American Express card holders will be charged the…
We’re happy to announce Community Financials adds a Mid-Atlantic office to service a growing number of associations customers in the eastern part of the country. The office in Northern Virginia is located at 5680 King Centre Drive, Suite 600 Alexandria, VA 22315.
Last week we hosted a webinar to discuss how to handle the collection of dues and assessments and the increasing risk of delinquency during these unprecedented times. Joining me was a Community Association Attorney as well as a National Collection Agency that specializes in the Condo and HOA industry. Below are the the attendee questions…
Do you have questions from owners and other board members about assessment collections during the COVID-19 Crisis? Join our 4/29 Webinar on Assessment Collection at your HOA or Condo during the Coronavirus Crisis. Webinar – Assessment Collections during the COVID-19 Crisis Q&A with Legal & Collection Experts 4/29/20 at 2:30 PM EST Joining Host Russell…
As the stay-at-home orders and business shut downs rock the nation’s economy and workers the impacts will increasingly be felt by community associations. This post is about how to handle assessment collection at your Homeowner Association (HOA) or Condo Community during the Coronavirus crisis. Last week (ending April 10th) we saw another record six million…
We wanted to share this information from Community Associations Institute (CAI) on suspending foreclosure actions against delinquent owners. Community Association Institute suggests a moratorium on foreclosure activity for HOAs and Condos for COVID-19 until June 1 that are specifically related to COVID-19 hardships. The following statement also outlines what proof or documentation associations should look…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
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