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Keep Track of the Money: Finance and Condos

Author: 
Pat Crosscombe
Publication date:
Not Available
Article Summary: 

This blog emphasizes the importance of establishing sound financial practices for condominium boards to effectively manage finances and expenditures. It highlights the significance of conducting monthly financial reviews, familiarizing oneself with financial statements, and closely monitoring condo fees and payments. The blog discusses the processes for approving low and high-value contracts, the role of property management companies, and handling emergency expenses. It emphasizes transparency, proper oversight, and adherence to policies to ensure efficient governance and effective financial management.

Keywords: 

Finance, condominium, financial review, financial statements, condo fees, late payments, overdue payments, contracts, expenditures, property management, governance, oversight, policies, emergency expenses, transparency.

Source Citation: 
Pat Crosscombe
Keep Track of the Money: Finance and Condos
Not Available
https://boardspace.co/keep-track-money-finance-condos/
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