More and more communities are relying on HOA property management services in Arizona. It can be just about impossible to keep track of all of the components involved with running a homeowners’ association without help. In-house collections, vendor management and in-house accounting are all time-consuming efforts that many members of the HOA just don’t have time to deal with.
In-House Collections
There is a contract in place between the homeowners and the HOA that precisely outlines when payments are expected to be made and for how much. It is the responsibility of every homeowner to make the payment on time and in full but in reality, sometimes these commitments are not met. For one reason or another, life can get in the way and these payments will need to be chased up.
At City Property, our management team provides a dedicated collection manager so that members of the board don’t have to spend their time chasing down these payments. The property management firm will operate per the HOA policies regarding late or missed payments and everything will be recorded on our software system. Members can access the software to find out for themselves where each collection stands in real-time.
Vendor Management
HOA management businesses handle property maintenance and can make arrangements with reliable vendors to get the work done. Some of the services provided include:
- Building maintenance
- Pool services
- Pest control
- Contractor and vendor services
- Waste and recycling management
- Landscaping management
- Much more
Specialized services are also available to help with preventative maintenance. For example, if the cooling costs have risen unexpectedly in the building, the property management team may suggest to the homeowners’ association that an energy audit would be a good idea. The management service can keep its eyes open for potential problems and suggest cost-effective solutions. Staying on top of the condition of the buildings put the HOA in a much better position because a lot of catastrophes can be avoided this way.
In-House Accounting
When you work with City Property Management Company you’ll be provided with a dedicated community accountant. This individual has been specially trained and has the necessary experience to handle community finances. He’ll be able to help with monthly financial statements, accounts payable and receivable, monthly billing, business checking, managing bank accounts, and more.
It takes certain qualifications to be able to handle both small and large community finances. Our in-house accounting provides all of the services you’d need to run a successful HOA. Real-time information is easy to access so that members can always stay in the loop and see the numbers for themselves.
When dealing with homeowners’ associations we have found that the biggest problem has been time constraints. We can help with that and keep you informed regarding everything that’s happening through our high tech software. When you need help with the management of your HOA and don’t know where to turn, find out more about City Property Management and what it can do for you today: Contact us.
