I just added a short video to introduce myself to new visitors to the Community Financials website. Whether you are a self-managed HOA or Condominium community or contemplating the switch from Full-Management to Self-Management you’ll get to know us a little better. Additionally, I talk about how to navigate the website and some of the…
I served five years as an Army Lieutenant and then Captain from 1995-2000. It was an awesome education – I refer to this experience as my real world MBA. I learned a lot (from some of the best senior officers and sergeants) that makes me a better person and leader today but wanted to share…
Want to find out if your vendor insurance covers your Condo or HOA? We discuss cover vendor insurance coverage, insurance certificates, risks of uninsured or under insured vendors having an accident on your property and solutions in this eye opening video. Learn the answers from Insurance Expert David Jeranko from Association Services Network. This video…
When times are good it is easier to increase your dues than when times are tough. Asking people to pay more for dues or common charges when their work hours get cut back or a spouse loses their job is much harder. But what is an association to do in order to keep a balanced…
The Federal Housing Administration (FHA) recently adopted new rules and policies regarding FHA loan approval of condominium units. One of the significant revisions will allow for the approval of certain individual units in non approved condominium projects. The policies become effective October 15, 2019. The new condominium policy is part of a broader objective…
Our goal at Community Financials is to make the financial management for HOAs and Condo communities stress-free. In that vein Community Financials adds BB&T Bank as a second banking option for our clients. There are about 7 banks nationally that specialize in banking for the HOA and Condo community market. This means they have special…
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 watch our Ask an Expert video series…
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 the bottom of this post is a link to watch one of the…
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. But we all know that reality is much more complicated than simple theory. While it is…
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
