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Condominium, Co-op, and Homeowner Association (HOA) managers face a variety
of challenges to track and transfer ownership of units, calculate charges,
collect payments and fees, enforce bylaws, and maintain properties, among other
important tasks.
Key challenges confronting Condo, Co-op, and HOA managers include:
- Tracking in-progress purchases and changes of ownership
- Managing scheduled and one-time charges, and transferring charges when
ownership changes
- Calculating scheduled charges based on percentage of ownership (condo) or
number of shares (co-op)
- Collecting payments from residents and fees from owners
- Fulfilling work orders and processing vendor invoices
- Enforcing property rules and bylaws
- Maintaining a list of board members, and creating sign-off sheets for board
meetings
- Generating one-time charges for retroactive fee changes
- Associating owners with multiple units, and units with multiple owners
- Managing purchasing and payables, and controlling inventory
- Creating reports, including availability, receivables, payables, and
financial statements
Yardi Voyager™ Condo, Co-op,
and HOA software seamlessly integrates accounting and property management
functions, and is packed with industry-specific features. The browser-based
system tracks changes of ownership and transfers scheduled charges, and
automatically calculates one-time charges so you don’t have to manually figure
retroactive fee changes.
And with the optional Yardi
Portal™, you can create a management office online—with downloadable forms
and documents, online maintenance requests, vendor invoicing, and online
payments. Of further value, Portal enables you to market properties on your Web
site, and provide services to your customers and prospects around the clock.
Learn more about Yardi
Voyager™ Condo, Co-op, and HOA software. |