A Condo Association Guide
Part of what makes condo living so attractive is the fact that you’re moving into a well-managed and connected community
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Templates for Strata Corporations
To manage a strata well, you need efficient processes and procedures in place.
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Condo/HOA payment plans
While many condos and HOAs aren’t required to provide payment plans, it’s better for the community to receive some money than nothing at all.
Common property management accounting challenges (and how to solve them)
Accounting gets easier with practice, but without good systems in place, and a bit of help from software, it will always feel like a chore.
How to simplify accounts receivable for your condo/HOA
While we can’t eliminate this responsibility for you, we can suggest some ways to simplify your accounts receivable workflow.
Best practices for using QuickBooks to manage HOA fees
QuickBooks can help automate and streamline the process of documenting and collecting monthly HOA payments from members.
Must-have integrations when using QuickBooks
Not only does QuickBooks offer different pricing packages, but customers have the ability to combine it with software they already use.
If your assessments haven’t gone up, there could be a problem
Assessment increases are not popular, but they are necessary to maintain property values, facilities, and a good standard of living.
Does my HOA need a full accounting system?
Most communities only need strong accounts payable and accounts receivable systems to effectively manage HOA finances.
Property management accounting: Accounts payable vs. accounts receivable
Both accounts payable and accounts receivable are important elements of condo and HOA management accounting.
How do I automate HOA fees?
Automating HOA fee payments requires the association to invest in a payment processing platform. Read this article to learn more.
How to streamline your association’s accounts payable process
In order to establish a stronger AP system for your association, accounts payable automation is often the solution.
HOA grants
Did you know that your HOA might be eligible for a grant? Unlike loans, recipients do not have to pay back grant money.
The best ways to collect payments from renters
In most cases, when given the opportunity to pay online, tenants adapt or may even prefer online payment options.
HOA dues letter: Collecting delinquent fees without conflict
This article will cover how a board or property manager can address the issue of delinquent fees in a fair and productive manner.
Why it’s better to keep accounting and property management software separate
Having accounting and property management software minimizes the potential for delays, setbacks and oversights.
Property management software for accounting
Accounting is a tedious, but crucial responsibility for condo and HOA property managers. Information is power, and management needs to be deeply familiar with the financial health of their properties in order to plan for the present and the future. If you care for a community, you may have to take on this role yourself, […]