Financial packages include the following reports in both cash and accrual basis:
1) Profit & Loss with actual vs. budgeted information
2) Balance Sheet
3) Expense Detail Report
4) Homeowner Dues Payment Report
5) Copies of Paid Invoices, Bank Statements and Bank Reconciliations
Owners can pay dues electronically directly on our web site or by calling an 800 number that we provide. Owners can also set up automatic dues payments through our office.
We will review your insurance policies on an annual basis to ensure coverage limits are adequate, deductible levels are appropriate and annual premiums are competitive.
For owners with a delinquent HOA account, we work closely with the board and the homeowner to set up realistic payment plans (as approved by the board). Once a payment plan is agreed upon, we carefully track the owner’s account to ensure that all payments are made as promised. In the event that the board votes in favor of referring an owner’s account to collections, we can carry out the decision using our in-house HOA collection service or a collection agency of the Board’s choice.
Screening HOA Vendors includes checking their standing with the Better Business Bureau, verifying that proper insurance is in place and checking the State Contractor’s Board. We only accept vendors’ insurance certificates directly from the insurance agent, and certificates must state that the HOA is an additionally insured party.