Community Association Management
We proudly serve as property managers of community associations and are currently expanding our services in this area. Below is an outline of the services and responsibilities that we provide to community associations. Most of these duties are mandated by law as stated in the Revised Code of Washington (RCW) and many are unknown to community associations.
- Efficient financial business administration.
- Range of advisory services aimed at benefiting the community association.
- Communicate with the Directors, Officers, and Committee about the execution of their mutual and respective responsibilities.
- Maintain in force, for the entire term of the Agreement, liability and business insurance, and such other forms of insurance as may be required.
Financial Management – Collection, Deposits, Accounting
- Agent shall assist and/or advise the board in all matters relating to income of any source and expenditures of any nature, under set terms and conditions.
Additional Financial Duties:
- Collect all general and special assessments as they become due.
- Designate a community association attorney for collections with board approval.
- Disperse all bills, salaries and / or compensation due and payable to independent contractors, accountants, attorneys, and other consultants for general upkeep, function and maintenance of the community.
- Maintain compliant financial records with the assistance of the association’s accountant.
Our specialized accounting program provides all relevant financial reports for the Board of Directors, and the appropriate documents for Resale Certificates.
- Agent shall assist the Board of Directors in all matters of administration related to maintenance and retention.
- Agent shall assist the Board of Directors in the administration of provisions of the governing documents. Also, with advice of counsel as needed, assist the board in drafting resolutions, rules and regulations.