Services
Upon opening a new account, Safe Property Management, along with our client will developed a financially sound direction for your property. We look at the current state of the property, recommend improvements, prepare budgets and look for areas to reduce expenses. This plan is then reexamined and modified every year.
Assessments are collected when due, or the proper notices I legal actions are taken if we do not get any response from the owner after 30 days. Unpaid assessment is handled immediately with two (2) late fee letters sent through certified mail to the owner with an outstanding balance, we always communicate with the delinquent owner directly to find out if there is anything we can do to help resolve problems; we communicate with the Board to give them specifications of the issue and we trying amicably get compromise. Additionally, if the problem is bigger and can’t be resolved amicably and involve legal procedure, we can assist to place a lien on the delinquent unit owner, and hire a lawyer for future legal actions.
All payables are reviewed on a monthly basis. We review expenses for accuracy and unexpected increases, compare current invoice to the same period the previous year, and always seek avenues to reduce the expense wherever possible. Safe Property Management also performs an annual review of Tax and Insurance invoices, and we investigate avenues for reductions. All expenses are paid by due date.
Upon receipt of the annual property assessment statement, Safe Property Management will review all property valuations and pursue tax appeals on behalf of the owners with the Board Members agreement.
Safe Property Management maintains a list of “Approved Vendors” for all property needs, and always guarantee lowest cost and highest value. Our Vendor list is continually updated, and we re-bid our vendor services annually. We are also open to work with current vendors if the Board Members are happy with their services.
HOA must file federal tax return, we will provide all required documents for a licensed CPA firm
- Financial Plan of Action
- Assessment Collections and deliquent procedure
- Payables
- Property Tax Appeals
- Tax return
- Approved Vendors
- Site management
- Property inspections
- Emergency maintenance
- Strict quality standarts
- Board members owners contact
- Competitive bids
-Monthly and year-end statements are forwarded on a timely basis.
Safe Property Management maintains a list of “Approved Vendors” for all property needs, and always guarantee lowest cost and highest value. Our Vendor list is continually updated, and we re-bid our vendor services annually. We are also open to work with current vendors if the Board Members are happy with their services.
HOA must file federal tax return, we will provide all required documents for a licensed CPA firm
Safe Property Management maintains a list of “Approved Vendors” for all property needs, and always guarantee lowest cost and highest value. Our Vendor list is continually updated, and we re-bid our vendor services annually. We are also open to work with current vendors if the Board Members are happy with their services.
HOA must file federal tax return, we will provide all required documents for a licensed CPA firm
Monthly and year-end statements are forwarded on a timely basis.
All financial accounting is done on a monthly basis. Reports are prepared and generated between the 1st and the 27th of the month. All reports are then reviewed by management and approved for distribution to the board members. Financial Reports are based on a 1st to 30th (or the last day of the month) accounting cycle. During the month, assessments are collected, bills are paid, and resident vendor ledgers are addressed. On the last day of each month, the current accounting period is closed, and data is gathered for reconciliation.
