Getting started with your Homeowner Association

Are you an HOA looking at using MoneyMinder?

One of the benefits of using MoneyMinder for your HOA is keeping track of how much your homeowners might owe you and how much they have paid you.
These are things that you will need to be able to answer as you set up your account in MoneyMinder:
  1. How many property owners in your association?
  2. Does each property have an ID # or other unique identifier?
  3. How often do they pay dues? Monthly? Quarterly? Annually? Other?
  4. Are everybody’s dues the same? Or are there different levels?
  5. Do you have other fees that are charged sometimes? Like late fees, penalties, sellers documentation, pet fees, parking? Other?
  6. MoneyMinder is really good at emailing out statements. Do you have email addresses for all of your Property Owners?
  7. Do Property Owners sometimes get reimbursed for items they purchase on behalf of the association?
  8. What kinds of expenses does the Association pay for: landscaping? maintenance? snow removal? insurance? legal? what else?
One easy way to get started it to click on the Contacts icon, and then on the Add Contact button. Use yourself as an example and enter all the information that you think would be useful to have about other property owners. By trying things out using yourself as an example you’ll quickly learn how to best capture & record things in a way that works for your group.

4 Comments

  1. Ann Russell

    Where do I invoice HOA owners and e-mail the invoice,
    Thanks

    1. Teri McIntyre

      Hi Ann,

      Thank you for you question. Here are the steps for this process.

      You will go to Contacts and and then Tools. Select Bulk Email Statements. Step 1 select Member Activity. Step 2 Select Statement Date Range (it is best to leave the start date as the beginning of your financial year so that you will capture any obligations or payments that the contact has made). Step 3 select the contacts to send statements to and then click on Edit Statement Message at the bottom of your screen.

      You are now looking at your statement in Preview Mode. Near the top of your screen you will see the email that the statement will come from. Below that you will see a line that has the number of emails that the statements will be sending to. If you would like to edit how your statement looks you can click on Edit Message and make any changes. If you make changes then you select Convert message below to a template. You can now go back to Preview Mode and if everything looks correct. If you are satisfied with your statement click on Save and Send.

      Teri

  2. Marcia

    We traditionally have sent our paper statements to homeowners. Is there a way to do a mail merge and/or print labels with the member database?

    1. Julie Rice

      Hi Marcia,
      Great question! There is not a way to print labels at this time. We have however added an indent so that when you are creating your statements it helps place the address in the window. As a best practice tip we recommend to print out a test and adjust your statement accordingly. MoneyMinder recommends the Costco CE05BS windowed envelopes. Please let us know if we can help any further.

      Warm regards,
      Julie

Comments are closed.