Services and Technology Overview
Hello, I’m Russell Munz, founder of Community Financials. If you’re currently self-managing or looking into self-management, you’re in the right place. Over the next three minutes, I’ll explain how we’ll make your job as a board member significantly easier. Community Financials provides monthly financial management and other remote services, along with homeowner and board portals and easy-to-use software to help you operate your community. One of our customers, a president of a 135-home HOA, switched from full management and said we handled 75% of what the manager did to collect owner funds.
We email or mail statements or coupon books; owners can pay by check, online bank draft, or credit card. We add late fees, send late notices, and either work with your attorney or use our collection agency partner, which only charges you if they are successful. To pay bills, vendors email or mail their invoices into an online approval system for two board members to review and approve, ensuring checks and balances, transparency, and cost control.
We process payments daily by check or ACH, which ensures quicker delivery. Then, monthly, we produce easy-to-read financial reports that help you operate your community effectively. In the homeowner portal, owners can see their account balance, make a payment, view select documents, and communicate with board or committee members.
The board portal includes the ability to add restricted folders, upload additional documents, view bank balances and transactions, see delinquent owners, and email, text, or voice broadcast to owners, making communication simple. Additionally, we offer online tools that allow the board to easily track tasks and maintenance items, manage violations, and review and approve architectural requests. We can also update your Secretary of State filing and handle all escrow and refinance paperwork to ensure you’re in compliance with regulations. All of this, plus Google 5-star rated service from a team of former management company accounting experts. If you’d like to learn more, head to our website communityfinancials.com. In the top right corner, click the “Request a Quote” button, enter some accounting details, and I’ll send you a quote along with more information and demo videos of the tools I mentioned. I guarantee we’ll provide great accounting, peace of mind, save you time, and make the job of being a board member easier.
