U.S. community associations collect about $124.2 billion in assessments every year, and only 30% to 40% of them are self-managed. […]

As you sit down with your board, you’re managing two different pools of money: the operating funds and the reserve funds. The operating fund covers the everyday costs of running the community such as utilities, landscaping, management fees, and insurance premiums.

Every community association runs on assessment income as the primary revenue. Those fees cover everything, from landscaping and insurance to

Close to 373,000 community associations operate across the U.S. right now, home to an estimated 78.1 million Americans. All these

Lack of a standardized billing calendar is one of the most underestimated operational problems in portfolio management. Once you’re juggling

The payment ledger is different from the general ledger. Your general ledger is the big picture, a running record of

There are now roughly 373,000 community associations across the U.S., with condos, HOAs, and co-ops making up about a third

Running a condo community is expensive, and the board will always expect you to pay for maintenance, insurance, and utilities,

If you manage a condo or HOA, you know that cash flow supports the community’s short-term and long-term operations. It

If you’re still collecting condo fees and maintenance contributions by cheque, you already know the headaches. You chase down late