It seems like only yesterday we were enjoying the warm summer breeze. Out of nowhere, the days start getting shorter and the cold winter wind starts to blow. As we approach the end of the year, there are several things that an association management company can do to get a head start as we transition into 2013. The fourth quarter can sometimes see less activity than the rest of the year. Take advantage of this and get collected and motivated for the coming year.
Evaluate Your Company In order to accurately set goals for next year, you need to take an assessment your company. What areas did you excel in? What areas need work? How can you streamline your process and become more efficient? This includes an evaluation of your technology. Condo Manager’s clients save money each year by automating many management tasks and reducing operating costs. If you’re using manual methods or outdated software to manage your associations, you should seriously consider upgrading to a more modern system. It is much easier to make a software change by choice than by necessity.
Set Objectives for Your Company After taking an accurate assessment of your company, establish goals that you want to reach in the next year. These may include things like increasing your client retention rate or going to a paperless office. It may be to bring in a certain amount of revenue in the next year. Condo Manager can help you reach many of these goals. Our communication tracking system allows for data to be shared seamlessly throughout an office. This reduces wait time and eliminates confusion, both of which equate to happier homeowners.
Keep Things Neat Staying organized is a must in this industry. Keeping your affairs in order will especially come in handy when it’s time to file those 1099’s and W-2’s. The ability to store information safely is a cornerstone of good management. Condo Manager ensures your data is safe by offering web backup and additional redundancy in our data centers. For web-hosted clients, this means that their information is secure from hacking and other malicious online activity. Before any year-end audits pop up, it’s also recommended to stay current on all bank reconciliations. Knowing the true account balances and which checks have cleared will enable you to look for any erroneous items or charges.
After you have these steps completed, it’s a good idea to schedule reminders on your calendar to help keep you on track. Using an online calendar such as Google Calendar allows you to set up email reminders for tasks on your schedule. We recommend utilizing this simple feature to periodically track your progress throughout the year. You can do this by Set up days to simply compare your progress with your goals. Anything that can be recorded and tracked can be improved, and association management is no different. Track your progress and you may be surprised at just how well you improve.
This article was provided by Condo Manager.
Set Objectives for Your Company After taking an accurate assessment of your company, establish goals that you want to reach in the next year. These may include things like increasing your client retention rate or going to a paperless office. It may be to bring in a certain amount of revenue in the next year. Condo Manager can help you reach many of these goals. Our communication tracking system allows for data to be shared seamlessly throughout an office. This reduces wait time and eliminates confusion, both of which equate to happier homeowners.
Keep Things Neat Staying organized is a must in this industry. Keeping your affairs in order will especially come in handy when it’s time to file those 1099’s and W-2’s. The ability to store information safely is a cornerstone of good management. Condo Manager ensures your data is safe by offering web backup and additional redundancy in our data centers. For web-hosted clients, this means that their information is secure from hacking and other malicious online activity. Before any year-end audits pop up, it’s also recommended to stay current on all bank reconciliations. Knowing the true account balances and which checks have cleared will enable you to look for any erroneous items or charges.
After you have these steps completed, it’s a good idea to schedule reminders on your calendar to help keep you on track. Using an online calendar such as Google Calendar allows you to set up email reminders for tasks on your schedule. We recommend utilizing this simple feature to periodically track your progress throughout the year. You can do this by Set up days to simply compare your progress with your goals. Anything that can be recorded and tracked can be improved, and association management is no different. Track your progress and you may be surprised at just how well you improve.
This article was provided by Condo Manager.