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Fill Your Units
You can never get back the money you lose when a unit stands empty. Whenever a member gives notice, it’s important to get the word out, which is usually the responsibility of the manager. As soon as a prospect gets in touch, your co-op needs to follow up promptly. Otherwise, they will go elsewhere.
The Importance of Good Internal Financial Controls
Good Internal Financial Controls are important to keep everyone honest. In the latest HomeRun Good Practices video, we hear from Access Co-op, COHO Management, and Bridletowne Circle Co-op. Each share their role in keeping good internal financial controls, along with sound advice based on lived
Recouping your Loss from Fraud
The Agency has discovered that some housing co-operatives victimized by fraud are unable to collect on their insurance because they miss the deadline for reporting their loss. Others don't try to make a claim out of the mistaken belief that a claim won't succeed without a criminal conviction.
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12 Tips to Keep Your Units Full
Tip of the Month
Capital Reserve Balance
61% of Agency clients hold a capital reserve balance of at least $6,000 per unit. By almost doubling the amount from 2007, co-ops are nearly twice as ready to meet their future needs.