financial management

These blogs are concerned with proper financial management of managed communities. For this reason, they cover everything from handling audits to managing reserve funds.

February 25, 2019
Reserve Funds

Reserve Funds: How Much is Enough?

One of the fundamental functions of an association is the maintenance and improvement of common area assets and infrastructure. There are several funding options to cover […]
February 19, 2019
Financial Management

How Self Managed Communities Are Spending Less Time Managing Their Financials

Financial stability and strength are at the core of a community’s success.  It’s also one of the most time consuming and frustrating chores for many boards, especially […]
February 16, 2019
Maintenance and Service

Why the Final Price Almost Never Matches the Bid

Cost overruns by maintenance and service contractors is something we hear about a lot. Why is it that these companies can’t seem to stick to their […]
February 12, 2019
Risk Management

I See This Issue Time and Time Again

Communities often don’t have a comprehensive Risk Management program in place. Why? Well, doing it right is a complicated process but it is absolutely necessary. A detailed, […]