Ever feel like your association budget would be just fine if it didn’t have to deal with unit owners that didn’t pay on time? When some people don’t pay it can cause a lot of stress on your community’s budget. To help we’ve put together a list of collection best practices for condo communities &…
You have a problem: you love your specific condo or HOA manager when it comes to their personality, knowledge of maintaining the property and getting thru the to-do lists BUT they do a poor job with the accounting tasks. Financial reports are late and have mistakes, vendor checks take a long time to get paid…
Maybe you don’t have access to professional community association management services where you live. There may not be enough business in your town to support a community association management company. Plus it’s not practical for a larger management company to be in every town in the country. Similarly, you may not have access to a…
Whether you are self-managed or considering self-management for your condo community or homeowners’ association you don’t have to go it alone. The Board has several options. Besides finding a solid volunteer Treasurer you can use a full service management company, a CPA, a bookkeeper or a specialty company to help. Continue reading to learn more…
One of the first questions potential financial management clients want to know when they call our company is: how much does financial management for a condo community or HOA cost? Although this is a very difficult question to answer, I will try to do my best here to explain some of the general pricing guidelines….
So you decided to have a company help your board perform the monthly accounting tasks to operate your community. The commencement of this service is documented with a Financial Management Agreement. Curious about the main provisions of a financial management agreement? The agreement will help explain what tasks will be performed, when they will occur…
I hear it all the time: “my community manager is unresponsive or a poor communicator” or No one at the management company picks up the phone or calls us back!” The first bad omen of poor service is that when you call your manager the phone goes to a voicemail box. When I owned a…
Moving away from your current property manager is not as difficult as community boards think. This article discusses how to transition your condo or HOA away from your current manager – the pathway forward to help you change from whatever you are suffering with now to a brighter future. Just like breaking up with someone you…
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.
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
