Property Advantage Lite: HOA Management Solutions

Property Advantage Lite Community Management

Property Advantage Lite is a streamlined management solution tailored for HOAs seeking essential support while maintaining flexibility and cost-efficiency. Designed for digitally savvy boards, this package offers core services including timely payment of monthly operating expenses, preparation and delivery of clear monthly financial statements, and assistance with annual budget preparation.

Key Services Provided

Overview:Property Advantage Lite Community Management is a streamlined property management service designed to provide essential support for Homeowners’ Associations (HOAs) and property boards. Our approach emphasizes efficiency, transparency, and the convenience of digital interaction.

Monthly Operating Expenses Management

We ensure timely payment of all monthly operating expenses, alleviating the administrative burden on the board.

Monthly Financial Statements

Comprehensive financial statements are prepared and delivered each month to provide a clear and accurate view of the property’s financial health.

Annual Budget Preparation Assistance

Our team assists with the preparation of the annual budget, offering guidance to help board members create a balanced and effective financial plan.

Escrow Processing: Essential for Smooth Real Estate Transactions

We handle the processing of escrows to streamline property transitions and maintain seamless financial operations.

Board Meeting Attendance

Attendance at board meetings can be arranged for two or four meetings per year, conducted exclusively via Zoom for the convenience of all participants.

Important Notes:
Landscape and Violation Walks: Board members are responsible for conducting all landscape and violation walks. Property Advantage Lite management will not be in attendance for these walks. Should the Board wish to have the community manager present at a landscape/violation walk, please reference options 2 or 3 on the Property Advantage Lite Pricing Options page.

Property Advantage

Property Advantage Lite aims to empower board members with essential management tools while ensuring flexibility and cost-efficiency. Our services are tailored to provide robust support for the smooth operation of your property’s governance.

Erik Runsvold, CAMEX, CCAM, CMCA, AMS
HOA Division Manager – Property Advantage
[email protected]
760-585-1743

Property Advantage Lite Monthly Management Pricing Options

Option 1: $750.00 per month

Comprehensive administration of monthly Accounts Receivable (A/R) and Accounts Payable (A/P).
Full collections administration.
Delivery of your monthly financial packet.

Option 2: $950.00 per month

Comprehensive administration of monthly A/R and A/P.
Full collections administration.
Delivery of your monthly financial packet.
Attendance of 2 Board meetings per year.
Includes up to 2 hours of community manager advisement or one property walk per month. Community manager will solicit up to 3 service professional proposals for Association-related projects as needed.

Option 3: $1,250.00 per month

Comprehensive administration of monthly A/R and A/P.
Full collections administration.
Delivery of your monthly financial packet.
Attendance of 4 quarterly Board meetings per year.
Includes up to 3 hours of community manager advisement or one property walk per month. Community manager will solicit up to 4 service professional proposals for Association-related projects as needed.

Additional Services

Additional hours of your community manager service can be added at an hourly rate of $175.00.

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Benefits of Choosing Property Advantage Lite

Choosing Property Advantage Lite offers homeowners associations a cost-effective solution that combines essential management services with the convenience of digital tools. This package is designed to meet the needs of modern boards looking for efficiency and transparency in their operations.

With a focus on user-friendly technology, Property Advantage Lite allows board members to access financial statements and manage expenses online, streamlining communication and decision-making processes. This flexibility ensures that boards can operate smoothly while keeping costs manageable.

How Property Advantage Lite Supports Community Engagement

Property Advantage Lite not only focuses on financial management but also emphasizes community engagement, which is vital for any homeowners association. By facilitating regular communication and meetings through digital platforms, the service helps foster a sense of community among residents.

Additionally, the option for board meeting attendance via Zoom allows for greater participation from homeowners, ensuring that their voices are heard in important decisions. This approach promotes transparency and inclusivity, essential for a thriving community.

Client Testimonials and Success Stories

Client testimonials play a crucial role in understanding the impact of Property Advantage Lite on various communities. Many boards have reported significant improvements in financial management and community interactions since implementing this service.

Success stories highlight how Property Advantage Lite has helped associations reduce costs while enhancing service delivery, ultimately leading to higher satisfaction rates among residents. These real-world examples demonstrate the value and effectiveness of the management solutions provided.

Frequently Asked Questions about Property Advantage Lite

The Frequently Asked Questions (FAQs) section addresses common inquiries about the Property Advantage Lite service, helping prospective clients understand its features and benefits. This resource is invaluable for boards considering their options for HOA management.

Topics covered in the FAQs include pricing structures, service inclusions, and the onboarding process. By providing clear answers, Property Advantage ensures that potential clients feel informed and confident in their decision-making process.