Posted:
Our Association uses mycomplus.com.
I know we got onboard a few years back when they were in the beta testing phase. At that time, they were looking for HOAs to use their software for a minimal fee and provide them feedback. We took the chance and have not looked back since. I suggest if you do not see something you think is important, contact them and ask them about it. I know we have asked for certain things and told them our needs and they have developed the and enhanced the software for us. I know of another HOA that is using their software locally, and they have reported the same level of support.
The bottom-line to what I am really trying to convey to the owners is not the software as much as no one will take care of your community better than the ones that live there. I look at our community as my child. I am the one responsible to provide, nurture, discipline, correct, plan for their future, and insure their safety. And no one will do this for my child's best interest better than me. I di not move into an association liking the idea someone else can tell me what to do with my property I paid for. I moved into an association for the community and to insure my investment would grow. I pay the association my dues to insure the streets are lighted, the sidewalks are in good repair, the common areas are maintained in good shape, and that I do not live next door to someone else's trashy yard. All these things and more are the reasons I live in an association and I believe no one will take care of my community better than I. And I am only one of many that have that belief. We the association and each member of our community is ultimately responsible for our community and the safety thereof.
The software we use has just enabled us to be self managed and to focus on the other important things in our community that needs attention.
Here is a great example of what the software did for us. In 2006, we have approximately 2000 units, and we had approximately 900 plus delinquent dues. A great job or CAM was doing huh? Since we went to this system, last year we were at 196 delinquent accounts. Not only did we collect a lot of delinquent accounts, we collected interest on those accounts and delinquent fees, attorney fees recovered, all certified mailing fees recovered, and realize $14,000 additional funds we realized. We went from having a budget of around $40,000 a year to a budget of over $100,ooo last year.
We have just started our dues billing cycle for this fiscal year, and 2/3 of all the accounts have been paid to date. What was owed to the association went from over $250,000 last year at this same time and is reduced to less that $70,000. And because of what this software did for us, we are now in the correct legal position to begin foreclosures on certain homes. However, it is worth mentioning, we had some members that had never paid dues, have showed up at the association meetings and boasted they had never and will never pay these fees. Now, they are contacting us asking how to remove the liens, how to stop the foreclosure, and asking how they can make payments to catch up the arrearages. So, Maybe I sound like I am promoting the software, maybe I am a little,. But, only because it has allowed us from being held hostage by the CAM and by some of the owners. before all this, we felt we were in a hopeless state of despair.
We found our solution, we have capitalized on it and I guess I am shouting from the mountain top that we are liberated.
So, if you are an association that is in the same place we were a few years back. There is hope. The moral to this story is truly, mycomplus.com and the people that work there, took a great deal of time, energy, and effort to work with us so we could achieve our freedom from suppression. Find software that works for your needs. We found ours and they have always been there on the other end of the line when we called in need. We looked at all the top players. In fact, here is a list of the top players in the market.
212 - formally tops. Always had to leave a message. The software needs a bookkeeper or someone that has accounting background. Has been bought and sold a few times.
Promis - way top heavy and cumbersome to work with.
Jenark - they even suggest you hire a bookkeeper to run their system
These three are the leaders in the industry.
None work in the clouds. Non have intelligent data gathering features to help us keep our members mailing addresses correct. Non send us an alert when the property sells so we can contact the new members and welcome them and encourage them to be happy. All three work on a single PC and push / pull reports to and from a website. If you have a website, Tops doesn't developed one for you, you purchase that in addition to the software by a third party. And likewise for the reports.
We liked the fact that mycomplus gave us the website, cost included, and we only deal with one company. We also liked the fact we did not have to charge for the documents, they were uploaded to the site for all members to get for free.
Every piece of software we looked at, with exception of MyComPlus, always seemed like too many pieces were farmed out to others trying to get some of the action.
Example, 212 TOPS wanted $6000 for the entire package and then $600 a year for a website and then the company that "Sells" the documents wanted additional fees.
MyComPlus cost us $1200 a year and we can walk anytime we wish with our data.
I believe if an association wants to be successfully self managed your BODs and all transaction must be transparent to the community. And that my friend is what MyComPlus did for us.
Made us transparent with real time data
Increased our communications and removed the road blocks the prevented it in the past. No More Hecklers!! Hurray!!!
Increased our net worth
increased our collections
reduced delinquencies
And on and on and on.
So, You can become a self managed HOA with the proper software, guidance, and support.
We pay our vendors online and receive payments online.
Very little effort goes into the daily operations of our community due to the software and the way we have a transparent association. The community basically self polices, if I (we) see a CC&R violation we can report it to the BOD and the notice is sent almost immediately to the property owner and is advised the report was made, no one is ever mention who made the report (because the system doesn't tag your name to the report to the BOD), and that it will be investigated by a BOD member with in 24 hours. Usually that alone gets the attention of the property owner to resolve it.
Become self managed, by what ever means you find, wish, or can afford.
I heard a wise man state once, "If you don't like it - change it. If you don't want to change it -sit down and shut up about it" So true words spoken.