The busiest time of the year is upon the community association management industry - the dreaded YEAR END. This post is a down and dirty guide to get you through year end. We've got deadlines, helpful tips, a handy checklist - everything you need to make it through year end.
The lien is like the nuclear 'football' that follows the president. It should be considered only as a last resort, and with extreme prejudice by the board. Consider these alternative options when homeowners are in arrears.
Resources for board members on monthly financial reports abound, but how do you make sure the financials are correct before handing them over? Everything you need to know about balancing monthly HOA financials, plus a free checklist for you to use at the end of each accounting period!
This Week in Community Association Management: Combine an improved economy, optimistic CEOs and green communities with taxes, foreclosures, dysfunction, and poor accounting practices and you get the roller coaster that was this week in the CAM industry. Put your hands in the air!
The CAM industry is very tight-knit and competitive. News of possible fraud can destroy everything you have worked for. Fudging the numbers in your accounting may save time in the short term, but it can have a very high price in the long run.