The ins and outs of HOA reserve fund accounting

No one can deny that 2020 has been a year of change, and as entrepreneurs, agility is what we thrive on. With every new obstacle has come new opportunities—and this year has been filled to the brim with...

Since the beginning of lockdown, property managers have had to come up with innovative ways to keep their residents safe while still providing the best service possible. One big change has been the way they run virtual HOA...

Established real estate investors and property managers are likely already familiar with 1031 exchanges. The concept itself is simple: Reinvest the proceeds from the sale of a business or investment property into a like-kind investment in order to...

Knowing where you stand and forecasting the future: These are both simple ideas in business, but trickier than ever these days for property management companies. In order to do both, sound accounting practices and a simple forecasting framework...

If you talk to an association and ask them about their hoa reserve fund accounting, you may hear some pretty unfortunate stories that happened before you arrived; reserve funds that were too low to cover repairs, treasurers who...

Property maintenance services are a big part of what you do as a property management firm. Done right, regular property maintenance does more than just keep up the place. It provides value and safety for both your residents...

“Hitting the ground running” sometimes isn’t fast enough in property management. These days, property managers are sprinting as they have overhauled their businesses and adapted to the COVID-19 crisis. That’s particularly why it was so rewarding to talk...

How many times have you heard that this is now your “new normal?” How many times have you pondered what COVID-19 will mean for the long term of your business? It’s no secret that your world—our industry—has changed...