Are you tired of rising maintenance and administrative costs associated with property management. How about the ongoing member complaints about assessments and annual increases and the lousy services and support associated with those increased fees? Suppose we guaranteed to reduce those expenses by 15%-30% while increasing your satisfaction and service by 100% through the following services:
- Renegotiations of existing contracts
- Evaluating insurance coverage, carriers, and limits.
- Guaranteed Accounting Services reductions
- Increased interest rates on savings accounts
Our firm consists of experienced professionals to represent our clients. We will attempt to successfully negotiate the best possible solutions for our clients. We understand associations and we know how to deliver great results. Our team has been servicing South Florida Condominium and Homeowner Associations with a commitment to meeting and exceeding our clients’ needs.We pride our practices on professional interaction, accuracy in our work, and timeliness in meeting deadlines and our clients’ needs. Our experience, resources and expertise in the area of contract negotiations, and accounting provide associations with a comprehensive menu of customizable services primarily focused on reducing the property’s administrative costs.
Our team consists of a licensed a Certified Public Accountant and Enrolled Agent. We will personally help to renegotiate existing contracts, manage the budget and all accounting aspects of collections and distributions, and support the Condominium and Home Owner Association to assure a high quality of compliance with all applicable federal, state, and local laws at extremely attractive rates focused on reducing your current expenses for similar services. Our services include the many facets of property management and are outlined below:
Feel free to call us (954) – 946 – 4142 to discuss the benefits your Association can realize from our low-cost, high value services. We provide homeowner association accounting and property management services in Ft. Lauderdale, Miami and Palm Beach.
Services available to your Condominium and Howeowner Association through Total Tax Solutions:
1. BILLING FOR AND COLLECTION OF MAINTENANCE ASSESSMENTS/FEES:
a) Prepare and maintain collection of accounts and monies owed to the association, to include the institution of legal proceedings in the name of the Association, to collect such accounts and to enforce the rights of the Association as creditors of the Associations;
b) Deposit all fees collected in a timely basis in the appropriate account in accordance with the legal or lawful instructions of the Board, the Articles of Incorporation, and By-laws of the Association.
2. ACCOUNTS PAYABLE/CASH DISBURSEMENTS:
a) Establish and maintain the orderly payment of accounts payable, taxes, and other debts of the Association. Invoices will be reviewed and compared to corresponding work orders, competitive bids received, and budgeted amounts. Payments will be issued and supported by work orders and invoices in a logical fashion for presentation to the Board for final approval in a timely and prudent manner. All funds received from the Association shall be deposited in a bank or banks designated by the Board. All costs and expenses of the Association shall be paid out of the Association’s appropriate bank accounts;
b) All personnel authorized to draw upon the Association’s bank accounts shall be bonded or otherwise insured.
3. MONTHLY AND YEAR END FINANCIAL STATEMENTS:
a) Maintain all books, records, charts of accounts, and other appropriate accounting systems consistent with generally accepted accounting principles as agreed to between the Accounting Firm and Association:
b) Prepare and deliver to the Board unaudited monthly (quarterly) and year end financial statements, including balance sheet, statements of operations, and such supplemental information as the Certified Public Accountant deems appropriate.
4. ASSISTANCE IN BUDGET PREPARATION:
a) Assist the Board in outlining a budget program of capital expenditures for the next fiscal year, which budget shall designate expenditure items as either mandatory or desirable;
b) Assist the Board in the preparation of an operating budget setting forth operating revenues, reserves, and expenses for the next fiscal year, which operating budget shall be in reasonable detail and shall contain an explanation of anticipated changes and/or any other factors differing significantly from the current year;
c) Assist the Board in the preparation of a projection of cash receipts and disbursements based upon the proposed capital expenditures and operating budget.
a) Prepare Association’s insurance specifications in order to obtain competitive quotes from agents;
b) Prepare a quote comparison schedule for Boards review and approval;
c) Once insurance coverage is placed, the Insurance Agent reviews new policies to make sure they correspond to original quotation;
d) Handle claims filed against Associations coverage and follow-up on outstanding settlements with agents and adjuster;
e) On Association’s behalf, complete applications for Property & Casualty insurance, Directors’ and Officers’ coverage and Fidelity Bonds;
f) Handle all Insurance correspondence and inquiries, and comply with mortgage requests for Certificates of insurance;
g) Complete Condominium Certification forms needed for mortgage loan approvals for individual Association members.
a) Provide secretarial services to include preparation and distribution of all required correspondence for the Association;
b) Provide required notices of meetings;
c) Distribution of year-end financial statements;
d) All other general correspondence as may be required.
South Florida HOA Accounting
— Serving Miami-Dade, Broward and Palm Beach. —
Call us today at (954) – 946 – 4142 or email email@example.com to discuss your needs
with an experienced Fort Lauderdale CPA.