Accounting

Collection of Monthly Assessments and Disbursements

1. Our Accounting Department accounts for all assessments collected from individual unit owners and ensures that all extra charges (if any) and other variables are properly allocated to each owner.
2. Collection letters are sent to delinquent owners, and are followed up with legal counsel if required.
3. Accounting and preparation of monthly financials is performed by our Accounting Department.  The Board of Directors receives financial statements on a monthly basis, which includes accurate accounting of all collections of monthly income and indicates the status of all owners.
4. All bills are carefully reviewed before payment.  Payment is made against supporting vouchers which accompany the Monthly Statement. 
5. We prepare an annual statement to show total receipts and disbursements.
6. Our Accounting Department also takes care of the preparation, supervision, and disbursement of building payroll.

Technology

Rosen Management Services can provide upon request all financial statements via email in Word documents, Excel documents, or PDF files.  All Associations can also choose the option to view their bank account on-line.  We offer the option of automatic withdrawal of assessments from each individual owner’s bank account. 

Loans

Rosen Management Services has guided Associations in financing their major capital improvements through loan assistance.