Are you serving on a “self-managed” Homeowner’s Association OR unhappy with your “current manager”?
Don’t you already have enough to do without worrying about running the HOA along with your job and family obligations. With full management from Acri Community Realty those concerns can be eliminated. Fixing problems and setting up financial plans are what a good HOA property management company does for your community.
That’s where ACRI comes in.
Acri Commercial Realty understands that you’ve got a lot to do besides running an association. So we take care of everything for you…from the budget and the bills to the hiring of services and enforcement of conditions, covenants, and restrictions. Any neighborhood concern becomes our concern. And we want to provide you with all of the information you need to address the situations at hand.
The people in the HOA and COA communities we manage are our only focus.
We work with your Board of Directors to make sure that every aspect of running your association is handled with the highest degree of professionalism and responsiveness to you and your neighbors’ needs. And our experience, over 20 years, helps make the transition to a new board of directors incredibly smooth.
What can we do for you?
We take care of everything so you don’t have to worry.
- Preparation of budgets
- Billing & collection of annual assessments
- Vigorous pursuit of delinquent homeowner fees
- Obtaining contractor bids & overseeing contractors
- Maintaining vendor & contractor relationships
- Payment of bills
- Enforcement of Covenants & Restrictions
- Preparation of financial reports/bank reconciliation
- Property inspections
- Address homeowner/neighborhood concerns
- Property update report to the Board
- 24-hour emergency response service.
When we take over the management duties, our firm supplies each unit owner with an informational packet, which includes a letter of introduction with our address and telephone number and information concerning our management procedures.
We have a dedicated Accounting Department for you to count on.
- Prepare and submit to the Executive Board the annual Management Plan, to include
- Keep accurate and auditable accounts receivable, accounts payable, payroll and general ledger records, and books of account on an accrued modified fund basis of accounting, including all transactions of the Association, on a fully computerized in-house system.
- Invoice each property owner monthly on an itemized basis for all recurring charges such as common charges and reserve contributions any nonrecurring charges, and any other charges imposed by the Executive Board.
- Receive all revenue due to the Association and upon receipt, deposit such revenues received into a separate Agency account at a financial institution selected by the Executive Board. Such revenues shall be, for all purposes, the revenues of the Association and shall not be co-mingled with funds of the Managing Agent.
- Review the accuracy and pay, in a timely manner, all legitimate bills received for services performed and supplies received in connection with both managing the Association and maintaining the Property.
- On a monthly basis, prepare and submit to the Executive Board:
- a balance sheet
- a profit-and-loss statement showing the actual, budgeted, and variance amounts for the current month and year to date
- detailed or summarized accounts receivable report
- a detailed accounts payable report
- On an annual basis, on or before 30 days after the last day of the Association’s fiscal year, prepare and submit to the Executive Board a balance sheet and a profit–and- loss statement concerning the management of the Association during the preceding year.
- Cooperate with any accounting firm selected by the Executive Board during its preparation of any audit report or specific review of the Association’s books of account
We hire the best staff in the industry
- Designate one of our employees as the Property Manager, who shall attend to the proper performance of the Managing Agent’s duties hereunder and who shall be present at the Property on an as-needed basis as determined by the Managing Agent.
- Maintain, at our office, the appropriate records concerning the management of the Association and the maintenance of the Property including, but not limited to, copies of original documents, the official minute book, contracts, insurance policies, income tax returns, and notices.
- When appropriate, make every reasonable effort to obtain
- the federal tax identification number
- a certificate of insurance evidencing comprehensive liability and workers’ compensation insurance coverage from each independent contractor performing services for the Property.
- Work in conjunction with, and coordinate the efforts of, other professionals selected by the Board, to include insurance agents, accountants, lawyers, engineers, etc., who are conducting normal Association business. The manager will ensure that the best interest of the Association is served.
- Require the Property Manager to attend the scheduled Executive Board meetings and the Association annual meeting. In addition, require the Property Manager to attend any other emergency Board or Association meetings when possible.
- Coordinate any meeting held with the Executive Board or Association by:
- preparing an agenda
- typing the minutes of the previous Association or Executive Board meeting, as the case may be
- copying and distributing all appropriate information to each Executive Board member or property owner.
- Prepare, on behalf of the Association, all documentation that the law requires a seller to distribute to a buyer for the resale of a unit. This cost will be billed directly to the unit owner and paid directly to the Managing Agent.
We can help. If you have any questions about Community Property Management, we have the answers for you. Contact us at firstname.lastname@example.org.