Life is busy enough let alone adding a condo community or homeowners’ association (HOA) volunteer role to your list of obligations, especially if you are a self-managed community. We have set out to design our community accounting service to make the entire life cycle of how you deal with our company simpler. We hope to…
A condo or homeowners’ association (HOA) going from full management to self-managed with Community Financials’ support experiences significant cost savings. However a self-managed community going from no cost to paying for a financial management service gets a new expense line item. Sometimes we get asked to answer what makes condo & HOA financial management expensive….
Your association may be larger and you decided you will get more attention by hiring a community manager directly. Some refer to this as an in-house manager, an onsite manager or like in Florida they refer to it as Manager managed – as opposed to Management Company managed. This manager though may not be able…
Are you a board member of a large scale community association? Are you reviewing your large scale community association accounting? You may refer to yourself as a Large Scale Association, A Planned Unit Development (PUD) or just a Planned Community. You may be a residential homeowners association, or condo community or maybe a mixed use…
You volunteered for the board and its more work than you anticipated. To reduce the board’s workload you are contemplating hiring a company to do the monthly bookkeeping tasks. You haven’t shopped for this type of service before so don’t feel 100% comfortable, but how to do you make the right choice? How do you…
Condo communities and homeowners’ associations are typically set up as non-profit corporations. Just like for-profit corporations they have monthly income and expenses. This income and expense require monthly accounting tasks be completed. So what is condo or HOA bookkeeping or financial management? It is a specialty bookkeeping service that has expertise in providing these monthly…
There are many places for board member training depending on what state you live in. I’m a member and big fan of Community Associations Institute and their training programs. I’ve used their training programs to educate property managers and customer service employees at my previous full service management company. The following are a few good…
No one likes surprises when it comes to bills and expenses. I’ve spoken with thousands of board members over the years and one of their top complaints is that they don’t know where their money is going. If you don’t know what your community expenses are? Here’s a solution. Review Bills Before They Are Paid…
Is your community’s board Treasurer position like a revolving door? Is it hard to keep someone as the Treasurer of your condo community or HOA? Not only does this position have a lot of responsibility but they have a lot of monthly tasks to do. General Tasks Help develop the annual budget, review monthly financial…
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
