Homeowner Association Management
We manage each and every homeowner association as if we owned and lived there ourselves. Our three areas of property management approach is to modernize, enrich and protect each property. The Homeowner Association Management handling personnel have experience in handling issues work wise and successfully by using expertise to handle day-to-day operations, achieve ongoing maintenance duties and interconnect with residents. We have effectively on-boarded dozens Homeowner Associations. ProRealty HOA property management’s goal is to offer our clients financial transparency, detailed management, proactive maintenance and above, all peace of mind.
Modernize: Creating Value
Today’s buyers and residents expect a building that is smart, connected, efficient, and safe. Not only do we manage the day to day aspects of your building, but we will assist you in focusing on the future and keep up with the level of amenities expected from HOA Members and residents.
Enrich: Financial Planning
Our Certified Public Accountant will prepare your returns and give you advice on maximizing write-offs and repairs to increase the profitability of your investment. We also provide detailed monthly reports, bank statements, and analyze monthly and annual budgets. We’ll even send you pretty charts, so you know exactly what is happening with your income and expenses.
Financial reports include:
- Income Statement
- Balance Sheet
- General Ledger
- Delinquency
- Paid invoices with Images and many more.
Annual Budget Assistance:
Reserve Study of Homeowner Association may be suggested to predict repair costs many years ahead to avoid unwanted Capital Assessments, and we will assist you with preparing Annual Taxes.
Protect: Safety and Compliance
We will monitor and ensure that a preventative maintenance schedule is created, work orders are set in advance, and all monthly and annual inspections and tests are completed. Assist with Board Member meetings and minutes, as well as creating and enforcing community house rules and guidelines.
From A to Z. It’s Covered.
Payment Solutions for HOA
We give homeowners multiple methods of payment such as: e-Check, Credit Card, Moneygram, physical checks. There is NO fee to pay using e-Check unlike other companies that charge .50 per transaction and charge the HOA unnecessary admin fees.
Repairs & Maintenance
From the smallest to the largest capital improvement projects, we have the experience and knowledge to get the job done quickly and within budget. All work is pre-approved by the Board because we’re all about transparency and communication.
HOA Financial Reporting
Monthly reports are easy to read and include General ledger, categorized income and expenses, invoices paid, and delinquencies. There are over a dozen customizable reports.
Just a few of our report options include:
Owner Statement
Income Statement
Cash Flow Statement
Balance Sheet
Trial Balance
Bank Account Activity
Delinquency
Rent Roll
Aged Receivables
Aged Payables
Leasing Summary
Owner Summary
Lease Expiration
CAM Reporting
Association Reports
Better Communication
Assisting with Board Meetings, Agendas, and Minutes, communicating with Association Members, and encouraging community involvement is key towards a successful HOA. Emergency text broadcasts, enforcing house rules, and preparing and posting notices is all handled by us.
How to Create a Budget for Condo and Co-ops
The lifeblood of any condo or co-op association is a proper budget that is prepared for the inevitable expenses in the future. We’ll assist you with an annual budget and suggest getting a Reserve Study to keep finances healthy.
What Makes Us Different?
When it takes more than 24 hours to get a response back from your current management company, this is a clear sign it’s time for a change. Watch this brief video on what makes us better than the rest.
24×7 Repair Response Team
Not just a call center, but an actual Property Manager to receive calls and respond to repair requests.
Violation Monitoring
FDNY, ECB, DOB, HPD alert system to ensure that we respond quickly to any violations or hazardous conditions.
Vendor List of the best providers in NYC saving you money and providing excellent service.
Annual Budget
We will assist the Homeowner Association each year with their annual budgets. Reserve Study of Homeowner Association may be suggested to predict repair costs many years ahead to avoid unwanted Capital Assessments
Hello Board Members & Investors!
Schedule a 15 minute discovery call with a Real Estate Pro.
