What does a HOA management company do?

HMA associationMany homeowners’ associations hire a third party HOA management firm to manage a neighborhood community. Hiring a management company is not only cost effective but also brings many benefits to your neighborhood. In this article, we have highlighted the responsibility of a HOA management company.

Administrative services

A well-organized HOA management team effectively carries out all administrative tasks of an association. They facilitate communication between stakeholders, schedule board meetings, and provide monthly management reports. They also enforce the rules and regulations of the community and respond to homeowner inquiries in a timely manner.

Carry out budgets and an annual audit

Another responsibility of a HOA management company is to guide the board through preparing an annual budget and audit reports on behalf of the homeowners’ associations. They act as an independent certified public accountant, thus preventing the board members and managers from embezzling funds.

Accounts receivable management

A professional HOA management firm will set out procedures and policies to ensure that notices sent to delinquent owners are compliant and owed payments are collected on time. The company also carries out other debt management duties such as billing, reporting delinquent accounts to the board, initiating legal action for delayed payments and working with a HOA attorney when coordinating legal action.

Carry out site management 

A HOA Management Company also provides a unique approach to property management by assisting associations that require on-site management services. The tasks of a community association manager on-site include overseeing the progress of maintenance issues, inspecting for rule violations and coordinating various board-approved actions. They also ensure architectural modifications such as lawn care and the refurbishment of parking lots are completed effectively and within the stipulated period.

Offer accounting services

Homeowners’ associations routinely face many accounting challenges. A HOA management company has experienced accountants who ensure HOA budget and community finances are accurate. Their duties within the management firm include estimating maintenance costs, managing bank accounts for the community, reviewing monthly billing for community dues, and creating monthly financial statements in a timely manner. They also carry out other accounting tasks, such as record keeping on all accounts receivable.

Managing vendors and insurance issues

HOA managers are responsible for hiring and firing vendors on behalf of the association. Other than managing vendors, the association’s board of directors can request HOA managers to execute insurance matters on behalf of the board. However, the final decisions regarding insurance matters are made by the board of directors.

The board is in charge of decision making while a HOA management company fulfills or oversees the implementation of those decisions and does all tasks delegated by the association’s board. They may include handling administrative services, accounts receivable management, site management and accounting services.

Hiring a HOA management company you can rely on

At ACCU Inc., we believe communities can be more sustainable if homeowners, homeowners’ associations and HOA management companies recognize their responsibilities and work hand in hand. If you’re a member of a community homeowners’ association, we can help you reduce the stresses and intricacies that come with HOA management. Feel free to contact us to learn more about our homeowner services.

Posted by in A116

Permalink

What does a HOA management company do?

HMA associationMany homeowners’ associations hire a third party HOA management firm to manage a neighborhood community. Hiring a management company is not only cost effective but also brings many benefits to your neighborhood. In this article, we have highlighted the responsibility of a HOA management company.

Administrative services

A well-organized HOA management team effectively carries out all administrative tasks of an association. They facilitate communication between stakeholders, schedule board meetings, and provide monthly management reports. They also enforce the rules and regulations of the community and respond to homeowner inquiries in a timely manner.

Carry out budgets and an annual audit

Another responsibility of a HOA management company is to guide the board through preparing an annual budget and audit reports on behalf of the homeowners’ associations. They act as an independent certified public accountant, thus preventing the board members and managers from embezzling funds.

Accounts receivable management

A professional HOA management firm will set out procedures and policies to ensure that notices sent to delinquent owners are compliant and owed payments are collected on time. The company also carries out other debt management duties such as billing, reporting delinquent accounts to the board, initiating legal action for delayed payments and working with a HOA attorney when coordinating legal action.

Carry out site management 

A HOA Management Company also provides a unique approach to property management by assisting associations that require on-site management services. The tasks of a community association manager on-site include overseeing the progress of maintenance issues, inspecting for rule violations and coordinating various board-approved actions. They also ensure architectural modifications such as lawn care and the refurbishment of parking lots are completed effectively and within the stipulated period.

Offer accounting services

Homeowners’ associations routinely face many accounting challenges. A HOA management company has experienced accountants who ensure HOA budget and community finances are accurate. Their duties within the management firm include estimating maintenance costs, managing bank accounts for the community, reviewing monthly billing for community dues, and creating monthly financial statements in a timely manner. They also carry out other accounting tasks, such as record keeping on all accounts receivable.

Managing vendors and insurance issues

HOA managers are responsible for hiring and firing vendors on behalf of the association. Other than managing vendors, the association’s board of directors can request HOA managers to execute insurance matters on behalf of the board. However, the final decisions regarding insurance matters are made by the board of directors.

The board is in charge of decision making while a HOA management company fulfills or oversees the implementation of those decisions and does all tasks delegated by the association’s board. They may include handling administrative services, accounts receivable management, site management and accounting services.

Hiring a HOA management company you can rely on

At ACCU Inc., we believe communities can be more sustainable if homeowners, homeowners’ associations and HOA management companies recognize their responsibilities and work hand in hand. If you’re a member of a community homeowners’ association, we can help you reduce the stresses and intricacies that come with HOA management. Feel free to contact us to learn more about our homeowner services.

Posted by in A116

Permalink

Making a Good First Impression with Product Packaging

product packagingOne of the most under-appreciated aspects of branding is product packaging. Setting up your branding and marketing game with custom packaging that makes a good first impression matters the most to your target customer. Whether you are about to launch your first product or have several years in business, the tips below can help you know how to make a good first impression with product packaging.

Choose an eye-catching packaging design

The last thing you want is for your product to blend in with thousands of others in the market. Your product packaging should stand out from the rest on display. Choose a bold eye-catching packaging design that captures people’s attention. Bright colors, clear descriptions, and glittering patterns can help to show off your product to your target customers.

It is time to think inside the box

The way you pack your product within the custom package is another great way to make the first impression. The thoughtful arrangement or positioning of the product within the box shows an emphasis on quality and detail. The use of carefully chosen wrapping paper, ribbon or string sends a sentimental message to your existing and target customers.

Create an awesome label

Don’t forget about the label. Add visual impact to your product packaging with custom-made labels. There are several different options available to choose from. A carefully designed label not only shows your customers that your company cares but also takes serious attention to detail and quality of the products you sell. Whatever product you are selling, make sure the label is printed by a full-color digital printer.

Keep it clear and simple

You may have a lot of valuable information about your product on its packaging, but if you overload your target buyers with every detail, they may miss the most important information. Make sure any written message you include on your product package is clear and straightforward.

Size also matters

You won’t make a good first impression with your brand if your package is too small or too large. If you are selling a product that comes in three different sizes, instead of designing three separate packages, you can create one package to accommodate all three. But make sure you are savvy with the design and economical with the package dimensions.

Make it shareable

If your product is of high quality, most likely the buyers will tell their family and friends about it. This is the same with product packaging. If the product is presented in attractive clear packaging, most of your customers will share the photos of the packaging on Facebook, Twitter, and other social media sites.

Are you looking for custom packing?

Dunwiddie Custom Packaging can help you sell more products through innovative sustainable custom product packaging. We design, develop, and distribute custom packages for all types of consumer products. Get in touch for a free quote.

Posted by in A116

Permalink

Making a Good First Impression with Product Packaging

product packagingOne of the most under-appreciated aspects of branding is product packaging. Setting up your branding and marketing game with custom packaging that makes a good first impression matters the most to your target customer. Whether you are about to launch your first product or have several years in business, the tips below can help you know how to make a good first impression with product packaging.

Choose an eye-catching packaging design

The last thing you want is for your product to blend in with thousands of others in the market. Your product packaging should stand out from the rest on display. Choose a bold eye-catching packaging design that captures people’s attention. Bright colors, clear descriptions, and glittering patterns can help to show off your product to your target customers.

It is time to think inside the box

The way you pack your product within the custom package is another great way to make the first impression. The thoughtful arrangement or positioning of the product within the box shows an emphasis on quality and detail. The use of carefully chosen wrapping paper, ribbon or string sends a sentimental message to your existing and target customers.

Create an awesome label

Don’t forget about the label. Add visual impact to your product packaging with custom-made labels. There are several different options available to choose from. A carefully designed label not only shows your customers that your company cares but also takes serious attention to detail and quality of the products you sell. Whatever product you are selling, make sure the label is printed by a full-color digital printer.

Keep it clear and simple

You may have a lot of valuable information about your product on its packaging, but if you overload your target buyers with every detail, they may miss the most important information. Make sure any written message you include on your product package is clear and straightforward.

Size also matters

You won’t make a good first impression with your brand if your package is too small or too large. If you are selling a product that comes in three different sizes, instead of designing three separate packages, you can create one package to accommodate all three. But make sure you are savvy with the design and economical with the package dimensions.

Make it shareable

If your product is of high quality, most likely the buyers will tell their family and friends about it. This is the same with product packaging. If the product is presented in attractive clear packaging, most of your customers will share the photos of the packaging on Facebook, Twitter, and other social media sites.

Are you looking for custom packing?

Dunwiddie Custom Packaging can help you sell more products through innovative sustainable custom product packaging. We design, develop, and distribute custom packages for all types of consumer products. Get in touch for a free quote.

Posted by in A116

Permalink

Keys To Successful Retail Packaging Design

Retail packagingThe success or failure of many consumer package goods companies is determined by their customers’ split-second decision-making in thousands of different points of sale. Retailers, on the other hand, must anticipate the needs of consumers and tailor promotion, pricing, and placement decisions on these needs. These two supply chain groups usually have different points of view, which places them at odds with each other.

Successful retail packaging design should collate the vision of brand owners, suppliers of packaging, and retailers. Here are the keys to successful retail packaging design.

Insight into the retail business

Successful retail packaging design focuses on factors such as performance and efficiency. Additional focus should be on the factors that determine retail success such as seasonality, planogram development, syndicated data, and sell-through. These retail factors are often foreign to packaging designers and are often overlooked.

Focusing on the buyer

Packaging sales teams are guilty of placing too much attention on co-packers, fulfilment houses, and marketers while ignoring procurement teams. This strategy may have been effective in the past since it takes advantage of the organizational dynamics of many companies. However, the focus should shift to retail buyers since their success is evaluated based on direct sales.

Price point

Competitive pricing is a major determinant in choosing a retail packaging design. Manufacturers are often carried away when they cite attractive packaging as an attraction point for customers without regard for the price. The amount that a customer is willing to pay for packaging depends on all other costing variables in the entire supply chain. Custom packages are created at a low price point that does not add unnecessary strain on the customer.

Innovation

Innovation priorities for retailers are often different from those of packaging companies. A look at the R&D teams of many packaging companies highlights their focus on the use of high-end materials to create forward-looking packaging through improved processing. Conversely, retailers are looking for ease of use, cube efficiency, and shelf efficiency. Innovation should consider the perspectives of both retailers and packaging manufacturers.

In-home presentation

A lot of emphasis is placed on how products are presented in stores. Successful retail packaging must, however, focus on the in-home presentation of products. Many homes have different products on their shelves, and the ease of finding a product as a result of its packaging contributes to customer preferences. If a product is never presented on the table due to its unattractive packaging, the likelihood is that it will not be purchased again. Focusing on in-home presentation fosters consumer loyalty and promotes repeat business.

Successful retail packaging design should set retailers apart from their competition. Retail packaging design should promote repeat business. The performance, ease of use, and attractiveness of packaging are important considerations in distinctive branding. Packaging designers, manufacturers, and retailers should function as a team to capture the short attention spans of consumers.

It is important for packaging designers and suppliers like Dunwiddie Custom to visit stores where their products are sold to gain insights into the keys to successful retail packaging design.

Posted by in A116

Permalink

Keys To Successful Retail Packaging Design

Retail packagingThe success or failure of many consumer package goods companies is determined by their customers’ split-second decision-making in thousands of different points of sale. Retailers, on the other hand, must anticipate the needs of consumers and tailor promotion, pricing, and placement decisions on these needs. These two supply chain groups usually have different points of view, which places them at odds with each other.

Successful retail packaging design should collate the vision of brand owners, suppliers of packaging, and retailers. Here are the keys to successful retail packaging design.

Insight into the retail business

Successful retail packaging design focuses on factors such as performance and efficiency. Additional focus should be on the factors that determine retail success such as seasonality, planogram development, syndicated data, and sell-through. These retail factors are often foreign to packaging designers and are often overlooked.

Focusing on the buyer

Packaging sales teams are guilty of placing too much attention on co-packers, fulfilment houses, and marketers while ignoring procurement teams. This strategy may have been effective in the past since it takes advantage of the organizational dynamics of many companies. However, the focus should shift to retail buyers since their success is evaluated based on direct sales.

Price point

Competitive pricing is a major determinant in choosing a retail packaging design. Manufacturers are often carried away when they cite attractive packaging as an attraction point for customers without regard for the price. The amount that a customer is willing to pay for packaging depends on all other costing variables in the entire supply chain. Custom packages are created at a low price point that does not add unnecessary strain on the customer.

Innovation

Innovation priorities for retailers are often different from those of packaging companies. A look at the R&D teams of many packaging companies highlights their focus on the use of high-end materials to create forward-looking packaging through improved processing. Conversely, retailers are looking for ease of use, cube efficiency, and shelf efficiency. Innovation should consider the perspectives of both retailers and packaging manufacturers.

In-home presentation

A lot of emphasis is placed on how products are presented in stores. Successful retail packaging must, however, focus on the in-home presentation of products. Many homes have different products on their shelves, and the ease of finding a product as a result of its packaging contributes to customer preferences. If a product is never presented on the table due to its unattractive packaging, the likelihood is that it will not be purchased again. Focusing on in-home presentation fosters consumer loyalty and promotes repeat business.

Successful retail packaging design should set retailers apart from their competition. Retail packaging design should promote repeat business. The performance, ease of use, and attractiveness of packaging are important considerations in distinctive branding. Packaging designers, manufacturers, and retailers should function as a team to capture the short attention spans of consumers.

It is important for packaging designers and suppliers like Dunwiddie Custom to visit stores where their products are sold to gain insights into the keys to successful retail packaging design.

Posted by in A116

Permalink