HōmWorks

Services

We take over your existing HOA books, put checks and balances in place and a proven support process. We pay your bills and provide you with as much information as you need to feel comfortable that your HOA is in good hands.

We assist developers of small to mid-size Condo and TIC buildings in setting up a support structure that allows individual unit sales and integration of the new co-owners as units are sold.

We assist the new TICs and HOAs with the development of HOA budgets, the monthly dues, setting up the books, a contribution payment process, penalty tracking, bank accounts, reconciliation and reporting.

We make it easier to sell or refinance your home with the state of the art HOA financial reporting and the execution of financial disclosure forms.

Support Package

• • • • Monthly bookkeeping tasks, bill paying, invoicing, collection and depositing monthly dues

      • Online/App HOA payments, shared document portal and electronic approval process for vendor bills

      • Bank management, including deposits and monthly bank statements

      • Reporting, including monthly, quarterly and annual reports, month-end reconciliations.

      • Co-owners delinquency tracking, penalty tracking automated reminders for delinquent homeowners

      • Annual Operating Budget preparation and reviews

      • Monthly Budget vs. actual tracking, income v. expense, cash flow and balance sheet reporting

      • Segregation of reserve and operating funds

      • Quarterly contribution analysis and adjustments

      • Annual property tax calculations and reviews for TIC shared tax liability

      • Support during unit sale or refinance, including working with real estate professionals

      • Budget and improvement project tracking related to expenses, special assessments, etc.

      • Annual HOA meeting review to provide a financial overview and answer detailed questions