Welcome Prospective HOA Boards- Financial Only Management Services

• Record all income and expenses in a manner consistent with general accounting principals
• Retain all appropriate books and records for homeowners and boards to review as needed
• Prepare financial  HOA Board reporting including homeowner deliquency reports, balance sheet, income statement
• Reconcile bank statements on a monthly basis
• Payment of all association related bills or expense (recurring bills are automatic, non-recurring bills may require board authorization to pay)
• Coordination with board on development of budget
• Work with  CPA or tax preparers to ensure all appropriate HOA federal and state tax compliance
• Per Texas Property Code, Books and Records of the Association should be made available on request to a homeowner. We can provide a online storage of those keep records and documents. 

Homeowner Associations  have bills to pay including but not limited to :

• HOA landscapers
• HOA Utility Service Providers
• HOA Vendors like gate vendors
• HOA  Insurance Policy and Payments
• HOA Loand Payments

These various bills need to be paid in a timely manner with appropriate record keeping. For example, our property managent teams scan all invoices to be inclued in the board packets for that month.   Another example, we have a approval section for larger items for board members to approve prior to our payment of that invoice. 

HOA are requested by banks, tiltle comp;anies for HOA resale certificate, homeowner statements, and these request also come with requirements for providing potential new buyers all the pertinent governing documents for the community.  Do you want to create issues with collecting from a new homeowner because they were not transitioned on to the homeowner roster or were not given notice on how to make payments.