Our Homeowners Association clients rely on the real-world understanding and track record of operational success that The Resort Company by Wyndham Vacation Rentals brings.
We understand the financial and long-term operations concerns of Homeowners Associations. Working closely with its Board of Directors, we provide every Association with a detailed five-year capital plan which we oversee and implement. The Resort Company oversees annual Homeowners Associations capital-project budgets in excess of $4 million for our Associations.
We assist our Associations in the budgeting process and manage all operating expenses and capital-reserve expenses. Our wide range of experience with administration and oversight of all aspects of capital project management allows us to assist with:
- Budgeting and capital reserve management
- Analyzing contract proposals
- Project administration and oversight
- Coordination of financing
Board members are updated monthly with financial statements that include a balance sheet, an operating profit and loss statement, and a capital reserve report detailing the reserve expenses and status of ongoing projects. These financial statements are also available to any homeowner upon request and are posted to each Association’s website monthly.
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 our Homeowners Association management services.