So your HOA or condo community already is or is going to become self-managed but you want some software to help make it easier. Before shopping for, buying and training on software we wanted to give you an overview of self-managed HOA software and self-managed condo...read more
Homeowners Associations (HOAs) and condo communities use accounting services. However accounting service is a broad term and can mean different things to different people. In this post we are going to explain the various accounting services for HOAs and Condo...read more
Getting a loan to buy a home or condo is a real chore. Now think how difficult it is to get multiple bids for loans for a community to do a capital project? Need a new roof, new windows, new siding, new boiler, or new paving? As the community gets older its...read more
I’ve talked to many community board members that are interested in self-management but have doubts it will work for them. There are clear benefits but who will do all the work? A major theme we hear is the desire to self-manage your HOA or Condo but will volunteers...read more
In our continuing education class “Financial Best Practices for Homeowner Associations and Condo Communities” we recommend managers and board members close old bank accounts. In this post we are going to discuss why you should close your old HOA and condo bank...read more
Doing payroll is straightforward and easy right? Not really. Many communities and management companies get tripped up by payroll. Don’t be ashamed I know a lot of accounting companies that outsource payroll to experts as well. This post discusses how to reduce...read more
I taught a class on Financial Best Practices to 80 Community Association Managers and Board Members earlier this month. A Board Member said you know what would be great is if we could get notifications of debit card ATM withdrawals or purchases. I said you are right...read more
We want to thank all of the attendees of the Community Association Institute Rocky Mountain Chapter’s 2019 Spring Trade show and Conference that participated in our class Friday March 15th in Denver, CO. 80 Managers and Board Members learned about HOA and Condo...read more
Colorado’s Community Association Manager Licensing (CAM) Law is scheduled to “sunset” on June 30th, 2019. However, there is a Bill in the Legislature that is expected to provide a continuation of licensing for CAMs. As some of the activities we perform for HOAs and...read more
Your community needs to make small purchases for minor day to day operations. What is the best way to accomplish this without a Board member spending his or her own money, or possibly risking fraud from improper controls around petty cash, debit, or credit card...read more
Many associations use credit cards or debit cards for handling some expense items. We don't agree with this practice as it can lead to abuses and fraud. With good planing and budgeting an association should be able to do with out these payment methods. We wanted to...read more
If you live near Denver come join Community Financials at CAI's Spring Conference. We are a speaker at the Rocky Mountain Chapter of Community Association Institute (CAI) 2019 Spring Showcase and Tradeshow Friday March 15th from 10am - 4pm. We will be teaching a...read more
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.
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.
Florida has the most HOA and Condo Communities in the country. They have many laws that make sense to help protect owners.
Self-Managed Community Support or Lower Cost Option to Full Management