
A Proactive Solution That Can Help Improve the Financial Health of Associations

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With the wave of foreclosures, business closings and record high unemployment, there is increasing pressure on homeowners and condominium associations to lower dues. If your Board is considering whether to hire an North Carolina property management company (also known as a community management association), a South Carolina Property Management Company or whether to opt for lower cost...
Board members have the fiduciary responsibility not only to monitor the income and expenses of their association but also to utilize processes that provide both safety for assessments collected from homeowners and control of costs. If your community association or management company has not recently reviewed your payment processing and cash management systems, you may be unaware of innovations that can make your staff more efficient, save money and help to increase your investment earnings.