Questions To Consider When Hiring a Management Company
Are you familiar with your management contract?
The community developer chooses a management company who is retained by the homeowner’s association when it assumes control.This contract should be reviewed by the homeowner’s association to ensure that individual community needs are being met.
Are you receiving the services you are paying for?
A management company’s services can be broken down into two primary areas:General Management and Accounting Services. Management company’s contracts with homeowner associations vary significantly.By design, homeowner associations are self-managing and have a tendency to control the majority of general management while contracting full accounting services.However, a company can be contracted to provide all or selective management services in a manner that facilitates an association’s individual needs.
Do you need to change your management company?
Individualizing your homeowner needs may reduce your management fees. Braesael management would welcome the opportunity to discuss your individual needs.Braesael offers a full range of cost effective management and accounting services.
CONTACT US for a proposal.
Management Services
Homeowner’s Covenants
Addressing covenant violations
Work together with committees
Frequent neighborhood visits
Master Homeowner List
Maintain lists of homeowners sorted by street and/or name
Work with Attorneys, Realtors, and Builders to update the list with new owners
Financial Planning
Capital Funding for future projects
Maintaining Long-Term Plan
Annual Budgeting
Service Contracts
Review current contracts
Obtain new bids periodically
Accounting Services
Invoicing
Scheduled billing of Homeowner’s dues
Collect and record payments
Delinquent statements
Bookkeeping
Write checks
Make deposits
Reconciliation of Accounts
Payroll Services
Prepare payroll checks
Maintain payroll records
Prepare quarterly payroll filings
Reports
Comprehensive reports i.e…
Budget vs. Actual
Income & Expense
Balance Sheet
Tax Filings
1120-H Corporate Return
1099’s and W-2’s
Quarterly Payroll
CONTACT US for a proposal.
Braesael Management Company
Managed by Braesael Management Company