If you are like most of the boards and co-ops that we work with, you have tasked one of your members with the role of treasurer. This board member has the responsibility of overseeing all financial aspects for your condo association or commercial/mixed-use property to ensure its financial stability. That’s no small undertaking no matter what size property you have.
At Peacock Properties, we are here to save your treasurer, and the rest of your board members, from the stress associated with managing all the funds, securities and financial records for your association or commercial buildings.
Each Property We Manage Gets Accurate, Detailed and Customized Financial Services
Through our distinctive team approach to property management, we provide you with not only a dedicated, experienced property manager, but also with access to our team’s experienced accountant and finance manager.
Peacock’s financial services offerings encompass everything from providing general bookkeeping, to delivering detailed financial reports, to offering long-term strategic recommendations and vital economic insights.
To help ensure the success of your association and the longevity of every member’s valuable investment, we offer a comprehensive suite of financial services, including:
- Annual budget preparation
- Balance sheet comparisons
- Detailed income statements
- Budget vs. Actual statement analysis
- Vendor expense reports
- Tax return preparation
- Capital project funding plans
- Annual audit process
- Assistance with HOA loans
- Alternative financing options for large projects
- Bank statements and bank account reconciliations
- Financial compliance
- Periodic financial reporting (frequency varies by property size and need)
- Presentation of financial reports at association meetings
- 24/7 access to financial reporting via our online portal
The Peacock Properties team has been working with small- to mid-sized condo associations and commercial/mixed-use properties throughout the Greater Boston area since 2014, so we have broad experience with the Massachusetts requirements for communities and buildings like yours. In addition, we will help you stay up-to-date on any state, city or town tax code changes that could impact your board and your owners. We also have strong relationships with local insurance and banking professionals that we are confident will be a great resource in the event you are looking for new financial partners to support you and your property.
Above all, when it comes to something as critical as your property’s finances and financial stability, you want to know that you are working with a property management team that takes your investment as seriously as you do. Our team of experts will always be proactive, reliable, timely, and, most important, transparent, in providing you the financial services that you need.
If Peacock Properties sounds like the right property management solution for you, or if you have any additional questions for our team, give us a call at 617-600-6355 or complete the new client form below.