Community– We built a company around it.

of our clients communities have been with HOAMCO

for over 3 years.

Financial Services

  • All routine financial reports
  • Income/expense with budget comparison
  • Income/expense – month-to-month comparison
  • Check disbursements
  • Aged payable detail
  • Aged receivables detail
  • Reconciliation of bank statements
  • Detailed membership list, as requested
  • Membership transfers
  • General ledger
  • Customized report generation, as needed
  • Distribution of assessment statements
  • Assessment collection and bank deposits (lockbox, ACH, on-line)
  • Processing and handling of delinquencies (late notices)
  • Maintenance of a separate account for each member
  • Maintenance of established banking relationships (accounts)
  • Reviewing reserve accounts and making appropriate transfers
  • Coordinating with collection agencies and/or attorneys regarding delinquent accounts
  • Coordinating with auditor to finalize year-end audit, tax returns
  • Coordinating with title companies for all property transfers

 

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