RMO Property Management provides full-service HOA accounting and financial management for the communities it manages.
Accounting Services Include:
- Assessments and Dues Collection: Monthly HOA dues are collected and tracked through MyRMO. Homeowners can set up autopay and view payment history online.
- Financial Reporting: The HOA board receives monthly financial reports including income and expense statements, balance sheets, and budget variance reports.
- Budget Preparation: RMO works with the HOA board to prepare annual operating budgets and reserve fund studies.
- Vendor Payments: All community vendor invoices (landscaping, maintenance, insurance, utilities) are processed, tracked, and paid by the management team.
- Reserve Fund Management: RMO monitors the community reserve fund to ensure adequate funding for future capital improvements and major repairs.
- Delinquency Management: Overdue accounts are managed with transparent communication, payment plans, and escalation procedures per the HOA governing documents.
Board and Homeowner Access:
- Board members can access detailed financial reports and approve expenditures through the management portal in MyRMO.
- Homeowners can view their assessment balance, payment history, and community financials through their MyRMO account.
For questions about your community finances, schedule an appointment through MyRMO or by calling us to speak with an Expert.