Hello, and welcome back to our blog here at RS Fincher. In our last post, we talked about two of the most important reasons you should call an HOA management company. We talked about how this would reduce the workload on you and your Board of Directors, and how you’ll have a stronger sense of direction when it comes to decision making. Keep reading to learn about more of the benefits.
One of the most important reasons to hire an HOA management company is for expertise. There are a lot of aspects to community association management, and it’s nearly impossible for one person to be an expert in all these areas. A traditional board can be used to spread out the management responsibilities a little bit, but without external help, it’s difficult to see real progress. When you hire an HOA management company, you’re not only reducing the workload on your board members, you’re also bringing in expertise that has been used, time and time again, to run successful communities.
One area in particular that RS Fincher will assist your business with is financial management. Financial planning would be useless if it wasn’t clearly communicated with everyone managing your community. That’s why, at RS Fincher, we’ll work perform accurate financial reporting, then make sure everyone on the Board of Directors is on the same page. We’ll help you determine annual budgets and financial control systems that will safeguard the community and make financial information easy to understand. Here are some of the many financial services we offer:
- Budget planning
- Monthly financial statements
- Timely invoice payments
- Prepare and review homeowners’ account status
- Assist in drafting and executing a collection policy
- Daily bank account reconciliation
- Analyze operating and reserve accounts
- Prepare data for annual auditing and filing taxes
- Exclusive online access to financial information for board members
- Assistance with real estate forms and closings
At RS Fincher, we realize that making your job easier also means making life easier for your residents. We aim to do this by streamlining association living and allow residents easy access to information and other resources. Our community website allows for online payments, easy access to documents such as community policies and other forms, submission of maintenance requests, and payment of fees.
Through our website, residents will have 24-hour access to payment history, balance, and make payments. Although there’s no need to visit in person, our staff will be available by phone, email, and in person in case there are errors or the resident has questions
Allowing your residents the ability to maintain work orders online is the simplest and surefire way to ensure that they’re getting the services they need, right when they need them.
Other submissions such as architectural requests are made easy through our website. Residents will be able to submit their request through the platform which will be sent directly to the community manager and architectural committee who will be able to reply with their decision.
Contact RS Fincher Today
RS Fincher has served community associations and office condominiums for over 20 years. It’s due to our passion for successful community living that we’re able to build healthy communities through our partnership with homeowners and their values. Our strong communication skills allow us to identify issues, provide financial direction, engage the community, and provide a sense of direction for our clients. Our staff is certified and attends education opportunities to stay on top of innovative ways to serve our communities, as well as the ever-changing laws that impact homeowner associations. Contact RS Fincher today to learn more.