In a lot of ways, homeowners associations and condominiums are like corporations. Many of them even organize as non-profit corporations in Texas. And just like corporations, these associations deal with money and must manage their finances carefully.
Considering HOAs are run by volunteer homeowners, though, most board members don’t know the first thing about financial management. They collect dues haphazardly, prepare inaccurate reports, and track expenses poorly. Financial management, though, isn’t something you can do sloppily. Poor decisions can lead to financial ruin and even bankruptcy.
As such, most HOA and condo communities opt to hire HOA financial services in Austin.
Financial management is one of the most difficult aspects of managing an association. Fortunately, 88 Doors offers effective HOA financial services to communities in the Austin area. Whether you need financial services as part of a whole package or simply need it separately for your self-managed association, we are the best choice for you.
Our financial services include but are not limited to:
On-time collection of dues and assessments, both physically and electronically
Collection of unpaid or delinquent dues and assessments
Issuance of vendor payments
Reserve fund planning and maintenance
Budget preparation assistance
Accurate preparation of financial statements and reports
Expenditure tracking and reporting
Online owner portal for real-time access to account statements on-the-go
Expert financial advice and board training
88 Doors specializes in providing HOA financial services to associations in Austin, Dallas/Fort Worth, and Houston. Our team of professionals is equipped and trained to handle all things related to HOA and condominium financial management. When you partner with us, you can expect responsive customer service, a commitment to transparency, and financial advice brought by years of experience.
Call us today at 512-617-5514 or contact us online to learn more about HOA financial management in Texas!