Not-for-profit community associations are not immune to the rapid changes in today’s global economy and the need to evolve and adapt as quickly as possible. While some trends will come and go, others warrant attention. Three significant trends that not-for-profit community associations should be examining now include: focusing on digital experience, budgeting for and managing […]

Community associations often face the problem of managing many invoices and payments. This process can quickly become overwhelming for a community, especially if they are not equipped with a professional invoicing system or the right people to manage it. From manual data entry to processing checks, communities could experience drastic improvements by simplifying their invoicing […]

Are You Ready to Prepare Your Community Association’s Annual Budget? It’s that time of year again. Join us while TOPS discusses the 10 pitfalls to avoid during budget season and how TOPS can assist you in developing your annual budget each year. FREE Download: 10 Pitfalls to Avoid During Budget Season In this PDF, Vishnu […]

Does this sound like a typical to-do list for your mornings? Follow-up with a third-party vendor for the fourth time this week about a roof leak Send an email blast to residents about a broken pool heater Review financial statements Prepare a budget In the day of “there’s a tool for that,” Property Managers typically integrate […]

How to Streamline Your HOA Financial Reporting The first step in streamlining anything is to clean up and get organized. HOA boards still working on spreadsheets or multiple systems are prone to face issues with incorrect data in their HOA financial reporting. Multiple users and many versions of similar files could be putting your association […]

Financial reporting for any aspect of community management relies heavily on the orchestration of all. Residents must make an effort to pay dues on time and communicate any issues they find on the premises. Administrative staff need to stay diligent to record the day-to-day activities from many sources like the mail, the drop box, email, […]

Changing the Way We Do Business in 2021 There are several big tech trends to look forward to in 2021, with automation being at the forefront. Automation is designed to make work easier by automatically generating information. For community managers, there are a lot of automation options when it comes to things like collections, accounting, […]

The Property Management Field in 2021 Property management is an everchanging field and staying on top of new trends is essential for property managers. Property managers will still be feeling the effects of 2020 in the new year, but that doesn’t mean you can’t prepare and take the lessons learned to prosper in 2021. Here […]

Preparing For Your Community Audit When running an HOA or community association, it’s important to be aware of your state’s rules regarding community audits. Many states require HOA communities to perform an audit once a year, and even if your state doesn’t, you should budget for one anyway. Audits are important in determining your community’s […]

Preparing for Budget Season With the start of the new year comes a lot of future planning for community managers. This means taking a hard look at your financials and determining how you will budget for the new year. Your annual budget effects all aspects of your community. How much will you spend on the […]