Association Management
The Resort Company by Wyndham Vacation Rentals understands the financial and long-term operations concerns of Homeowners Associations. We bring to bear real-world understanding and a track record of operational success for our Homeowners Association clients.
We work closely with the Boards of Directors to provide a detailed five-year capital plan for each Association. The Resort Company oversees and implements Homeowners Association capital-project budgets in excess of $4 million each year.
We assist in the budgeting process and manage all operating expenses and capital-reserve expenses for our Associations. Our clients benefit from The Resort Company’s wide range of experience with administration and oversight of all aspects of capital project management, including:
- Budgeting and capital reserve management
- Analyzing contract proposals
- Project administration and oversight
- Coordination of financing
Each month we provide financial statements to Board members, including a balance sheet and operating profit and loss statement. A monthly capital reserve report details the reserve expenses and status of ongoing projects. We post these financial statements to each Association’s website monthly and are happy to provide copies to Homeowners upon request.
Our Accounting Department assists and provides information to auditors to provide our Homeowners Associations with professionally prepared tax returns and audited financial statements.
We oversee, manage and secure insurance coverage for all our Associations. We also oversee and manage all claims on behalf of the Association.
Contact The Resort Company today to learn more about how our management services can benefit your Homeowners Association.
