A reserve study is important to budget planning because it is used to determine whether there are enough funds to cover your association’s ongoing and future costs. Your board uses this information to plan future expenditures and avoid underfunded situations by determining what amount is adequate for its reserve fund. A community’s reserves are anywhere…
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At MyPropertyBilling.com LLC we strive to provide expert condominium financial management services. In today’s blog, we will be discussing the crucial function of having a condominium financial management company and how it contributes to the financial stability of your property. Let’s delve into the details! Streamlining Financial Operations Efficient financial management is the backbone of…
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Managing the bills and finances of your rental property can be a challenging and time-consuming task. Ensuring that all bills are paid on time, tracking expenses, and keeping up with financial records requires careful organization and attention to detail. That’s where our rental property management software comes in. At MyPropertyBilling.com, we offer a comprehensive property…
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If you own condominium units, you know how demanding and time-consuming it can be to manage them effectively. From handling homeowner requests to ensuring that maintenance and repairs are promptly addressed, property management can quickly become overwhelming. That’s where professional condo property management services come into play. See why hiring a property manager from MyPropertyBilling.com…
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In the bustling world of real estate, property management companies, especially those specializing in condos and rentals, offer significant benefits to associations and homeowners alike. A crucial aspect of these benefits stems from professional financial management. Here at MyPropertyBilling.com, we’re committed to providing comprehensive financial solutions, and we’d like to share the top four advantages…
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As a financial management firm, MyPropertyBilling.com is proud to offer a full range of services to HOAs and condos. We understand the unique needs of these types of organizations — because we ran a successful property management company for over two decades — and we’ve developed a suite of services that are tailored to their…
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Are you tired of dealing with the mundane task of managing your condo’s finances? Do you feel like the time you spend trying to keep up with payments, dues, and other financial matters could be better spent on higher-value activities? If so, you’re not alone. Many condo associations are turning to condo and HOA financial…
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1. Accountants Just Aren’t Enough. Managing an HOA or Condo Association is more than paying bills and managing accounts. There are state laws and regulations to follow, and then there’s always the unexpected urgent capital project “fix”. (Not to mention delinquent payments – are you calling advantage of our property management knowledge and your neighbors to tell them their dues are…
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Thank you to Dan and Mary Katherine Kopec of The Law Offices of Dan Kopec, located in Chester, NJ, for educating our Boards and Managers on the collection process, timelines, and pros and cons of settlements. Dan, I apologize for cutting you off in video, but your advice was invaluable. Click here to view webinar:…
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Real estate has increasingly become a lucrative investment for many people worldwide. However, investing in real estate doesn’t just mean owning a property. It extends far beyond that to include the nitty-gritty details of managing the finances of that property. MyPropertyBilling is a platform that can help you make better decisions about your properties by…
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