Category Archives: Finances

The Ultimate Guide to Safeguarding Your Cash and Accounts

The Ultimate Guide to Safeguarding Your Cash and Accounts

You’ve heard the phrase “cash is king” before, and you may be wondering if that still holds true in today’s business environment. Cash flow management can be one of the most important tools in your arsenal when it comes to protecting your accounting processes, and with the right cash controls in place, you can ensure […]

Ways To Increase HOA Cash Flow Without Raising The Fees

Ways To Increase HOA Cashflow Without Raising The Fees

Want to improve your COA’s cash flow? The size, growth, and projects in a Condo mostly depend on its community. Projects are mapped out, planned, budgeted, and determined to be important to a condo when community members are involved. This is because they are the ones to pay the fees and the special assessments when […]

Inflation is Causing Havoc to COA Budgets

Inflation is Causing Havoc to COA Budgets

Inflation has affected pretty much everything. From shopping online to shopping at your favorite mall. You get into a supermarket to get your favorite groceries and you either find them in reduced, smaller packs or with increased priced tags. You order an item online, and you get a call that it cannot be delivered at […]

Why Reserve Funds are not Optional for any COA

Why Reserve Funds are not Optional for any COA

Home Owner Associations and Condominium Associations are responsible for keeping the common areas of their property in good working order.  As these communities age or as unforeseen acts of God or accidents happen, sometimes an unexpected repair or replacement needs to take place.  For this reason, reserve funds are not optional, but an important part […]

How to Read and Understand Condo-Financial Statements

How to Read and Understand Condo Financial Statements

As a condo manager, a real estate agent, or even a real estate attorney, being able to review a Condo financial statement is very important because it gives you an idea of how the association is managed and also sets your expectations with operating expenses once you decide to go ahead with the property investment. […]

5 Keys to Honestly Evaluate the Financial Health of Your HOA

5 Keys to Honestly Evaluate the Financial Health of Your HOA

The success of most condo associations depends on their finances. This is an important aspect not just for board members but also for homeowners and investors. Many argue that the first indicator for HOA finance health lies in the quality of maintenance and the physical outlook of such an association. The advantages of always evaluating […]