RealManage Insight

Budget Season for Condo and Community Associations

Budget Season for Condo and Community Associations

HOA | Condo Financial

It is budget season at RealManage, and that means our managers and financial management team are hard at work preparing the preliminary budgets for our boards to review. The budget is one of the most important things the management team and the board does each year for their community association. A great deal of effort goes into researching historical trends, as well as accurately projecting for future anticipated expenses. The team at RealManage will contact vendors, utility companies, and the like to inquire about anticipated rate increases for the new fiscal year so that these can be factored into the new budget.

By Mary Arnold, CMCA®, AMS® on Sep 6, 2018 8:41:00 AM
   
Budget Season for Condo and Community Associations

It is budget season at RealManage, and that means our managers and financial management team are hard at work preparing the...

By Mary Arnold, CMCA®, AMS® on Sep 6, 2018 8:41:00 AM
Condominium Association Fees - What Are My Monthly Fees Going Towards

When you move into any sort of condominium association you will likely have to pay monthly assessments. These condominium...

By Staff Writer on Apr 5, 2018 8:03:00 AM
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We all know we need a commmunity association reserve study – well, we mostly do, right? However, do we utilize these reserve...

By Kara Cermak, CMCA®, AMS®, PCAM® on Jan 30, 2018 8:04:00 AM
By Benjamin Yaeger on Jan 25, 2018 8:08:00 AM
What is FHA as it Relates to Condominium Associations: Pros and Cons

Since 2010, the FHA has required that entire condominium associations be certified before granting FHA backed loans to home...

By Staff Writer on Jan 18, 2018 8:00:00 AM
Detecting and Preventing Theft, Fraud, and Embezzlement in HOAs

All too often, HOAs are the unfortunate targets of theft, fraud, and embezzlement. In some cases, embezzlement and other fraud...

By Staff Writer on Jan 11, 2018 8:01:00 AM
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The end of the year is approaching fast. One of the many things homeowners associations (HOAs) and condominium associations...

By Staff Writer on Dec 27, 2017 8:00:00 AM
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Foreclosure is a bit of a dirty word. Nobody wants to see anyone thrown out of their home - but it happens.

There are basically...

By Staff Writer on Dec 12, 2017 8:00:00 AM
Creating an HOA Budget Committee

Your homeowners association has set up a board of directors that will help govern the HOA. Not every responsibility, however,...

By Staff Writer on Oct 24, 2017 8:00:00 AM