Community associations today employ highly-qualified professional community association managers, and we think residents should know what the manager has—and has not—been hired to do.
Almost 70 million Americans reside in the nearly 350,000 community associations in the U.S. It’s no surprise that those numbers are expected to continue to grow given the services, maintenance, safety, security, and amenities that accompany homeowners association living.
Understanding the basis of accounting used to prepare financial reports is a vital first step to comprehending your association’s financial position and results from operations.
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