Accounting
Managing a property’s finances effectively is key to maintaining its value and ensuring smooth day-to-day operations. Our accounting services are designed to keep your property’s finances organized, transparent, and optimized. From collecting assessments to managing expenses, Safe Property Management focuses on protecting your property’s financial health so that you can have peace of mind.
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Accounting
Managing a property’s finances effectively is key to maintaining its value and ensuring smooth day-to-day operations. Our accounting services are designed to keep your property’s finances organized, transparent, and optimized. From collecting assessments to managing expenses, Safe Property Management focuses on protecting your property’s financial health so that you can have peace of mind.
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Financial Planning for Your Property
When starting with a new account, we work closely with you to develop a sound financial plan for your property. We assess its current financial state, identify improvement areas, prepare budgets, and look for ways to reduce expenses. This plan is reviewed and updated every year to stay aligned with your property’s needs.
When starting with a new account, we work closely with you to develop a sound financial plan for your property. We assess its current financial state, identify improvement areas, prepare budgets, and look for ways to reduce expenses. This plan is reviewed and updated every year to stay aligned with your property’s needs.
Assessment Collection and Delinquency Procedures
We collect assessments promptly, and if an owner misses a payment, we follow a structured process to address the delinquency. After 30 days without payment, we send two late fee notices through certified mail and work directly with the owner to resolve the issue amicably. We also keep the Board informed of any unresolved cases. If necessary, we assist with placing liens on delinquent properties and can coordinate with legal services for further action.
Expense Management and Payables
Each month, we review all payables for accuracy and check for any unexpected cost increases. We compare current invoices to the same period last year to identify trends and find ways to reduce expenses when possible. We also conduct an annual review of tax and insurance invoices to ensure you’re getting the best possible rates. All expenses are paid by their due dates to maintain smooth operations.
Each month, we review all payables for accuracy and check for any unexpected cost increases. We compare current invoices to the same period last year to identify trends and find ways to reduce expenses when possible. We also conduct an annual review of tax and insurance invoices to ensure you’re getting the best possible rates. All expenses are paid by their due dates to maintain smooth operations.
Property Tax Appeals
After receiving the annual property tax assessment, we review each valuation carefully and, with Board approval, pursue tax appeals on behalf of owners if we see an opportunity to reduce costs.
Reliable Vendors for Quality Service
We maintain a list of approved vendors who are chosen for their quality and cost-effectiveness. This list is updated regularly, and we rebid services each year to ensure you’re getting the best value. If the Board has preferred vendors, we’re happy to work with them to meet your needs.
We maintain a list of approved vendors who are chosen for their quality and cost-effectiveness. This list is updated regularly, and we rebid services each year to ensure you’re getting the best value. If the Board has preferred vendors, we’re happy to work with them to meet your needs.
Tax Return Assistance
Homeowners’ associations are required to file federal tax returns, and we help by providing all necessary documents to a licensed CPA firm to ensure timely and accurate filings. We’re here to help you streamline your property’s finances and keep every aspect well-managed and transparent. Contact us today to learn more about our accounting services and how they can benefit your property’s financial health.