Managing an association can be a time-consuming job, especially without HOA financial management services. When all the members of the board of directors are volunteers with full-time jobs, families, and social lives, taking care of the many aspects of property management can be difficult. HOA Financial Management Services for the Self-Managed Community An HOA…
Hiring an HOA financial manager is a crucial decision for any community association. The financial manager for an HOA does more than just accounting and banking. They provide expert financial management, just like most professionals in that area. More importantly, they specialize in HOA fiscal management, which makes them extra valuable for an HOA board.…
If your community has less than 200 units, chances are that your HOA is self-managed. It makes sense. Smaller homeowners associations do not have the funding or need to be professionally managed by a full property management company. If you self-manage a community association, here is how to do it. Tips to Self-Manage a…
HOA bookkeeping is an essential aspect of association management. However, as many HOAs lack accounting and finance experience, it can be a struggle to deal with bookkeeping tasks and responsibilities. This can result in financial mistakes that could harm your community. If you need help in this area, it might be time to consider a…
Does your homeowners association need professional help? Is there no room in your budget for an on-site HOA manager? Enter remote HOA management — the answer to all your problems. Hiring Remote HOA Management Services There are a million ways where things could go wrong when it comes to living in a community and…
Remote HOA management — you have probably heard of the service from a friend or fellow board member. But, what is remote HOA management anyway? And is it really something your community can benefit from? What Is Remote HOA Management? Remote HOA management is a new model for community management offered by numerous companies.…
The management of a homeowners association involves several parts, the most confusing of which is financial management. HOA boards with no experience in preparing financial statements and filing taxes often look to professionals for help. Here is why a CPA for an HOA is essential and how to find the right one. In this…
Processing invoices can be a sore spot for many homeowners associations. It takes a lot of time and effort to organize and prepare them. If you fall find yourself in the same boat, then it is time to consider automated HOA invoice processing. What Is Automated HOA Invoice Processing? To put it simply, invoice…
It’s not easy to deal with delinquent homeowners association dues. While every board hopes that residents in their community will pay their HOA fees on time, you cannot always guarantee it. In extreme situations, the board may need to call on a debt collection agency for HOA delinquency cases. HOA collection services can be very…
Self-managing your own HOA finances is a fairly difficult undertaking. Successful HOA finance management requires a certain level of expertise and experience. For that, look to HOA financial management services. Why Hire HOA Financial Management Services? It can be tempting for HOA board members to try and handle all aspects of association management themselves.…