If you are unfamiliar with what a homeowners association is, then you might wonder how one could love or hate them. A homeowners association is a community that enforces rules and manages common amenities for both the residents and visitors of a specific community. HOA / COA can manage a single building or a diverse […]
18
Sep
Sep
In today’s era of emerging technology, 33% of businesses are exposed to the risk of fraud each year. We at C.O.R.E. want to help our followers and clients prevent future issues. Misutilization of assets, resources, and staff embezzlement can lead to a further revenue loss of the business. If an effective risk and fraud prevention […]
01
Sep
Sep
Purchasing a house with hard-earned money is a dream that comes true for any person. This is a wishful dream that everyone has in their heart, but many people do not go to the finish line and purchase a house with their own name on it. There are many kinds of hassles a person goes […]
29
Aug
Aug
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 […]
28
Aug
Aug
As homeowners, you may want to hire a community manager to oversee the activities in your neighborhood. Hiring the right community manager will allow you to enjoy everything your home offers without worrying about how they conduct their business. There comes a time when you need to find and oversee a great community manager for […]
28
Jul
Jul
How do you choose the right CPA for your COA or HOA? Every condo association is made up of different independent departments that work hand in hand to ensure the smooth running of the HOA. Most of these departments rely on proper condo financial foundations, strategies, and budgets to carry out their different responsibilities to […]
25
Jul
Jul
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 […]
23
Jul
Jul
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 […]
16
Jul
Jul
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 […]
21
Jun
Jun
Budget Preparation Budget preparation is an essential part of every association’s finances, no matter the time frame – quarterly or annually. For homeowners associations, a well-drafted budget must be prepared as a new financial year approaches, but not all associations know how to draft an HOA budget. An HOA budget is essential to the financial […]