California HOA Escrow Services
Comparison of Management Services Offered
for Homeowner Associations
Coast Management of California offers four types of services to homeowner associations in California. These consist of Full Service Management, Online Management, Financial Services Management, and Accounting Services.
Online Management includes nearly everything included under Full Service Management at a reduced cost. Financial Services Management includes most, but not all, of the services provided under our Online Management agreement. Accounting Services are far more limited at the lowest cost available.
If you hire Coast Management of California, you can always change the type of service provided at a later date.
| Summary of Services | Full Service Management | Online Management | Financial Services Management | Accounting Services |
|---|---|---|---|---|
| Accounting Services | ||||
| Assistance in preparing an Annual Budget | Yes | Yes | Yes | Yes |
| Preparation of monthly Balance Sheet, Statement of Cash Receipts and Disbursements, Check Register, Delinquency Report and Bank Reconciliations | Yes | Yes | Yes | Yes |
| Mailing of monthly invoices for assessments and delinquency notices | Yes | Yes | Yes | Yes |
| Payment of all authorized bills | Yes | Yes | Yes | Yes |
| Distribution of the Annual Financial Reports | Yes | Yes | Yes | Yes |
| Funding of reserve accounts | Yes | Yes | Yes | Yes |
| Assisting with tax returns, audits and reviews | Yes | Yes | Yes | Yes |
| Preparation of payroll checks (if required) and federal payroll forms 1099 and DE 542 | Extra Charge | Extra Charge | Extra Charge | Extra Charge |
| Meetings | ||||
| Preparing and mailing notices, nomination forms, ballots and agendas | Yes | Yes | Yes | Not Included |
| Attending meetings of the Board of Directors and the Annual Meeting of homeowners | Yes | Not Included | Not Included | Not Included |
| Records and Correspondence | ||||
| Maintenance of all Association records | Yes | Yes | Yes | Accounting Records |
| Responding changes of ownership | Yes | Yes | Yes | Yes |
| Recording to inquiries from escrow holders, mortgage companies and real estate agents | Yes | Yes | Yes | Yes |
| Preparation of Year End Disclosures. Filing Reports With the Secretary of State | Yes | Yes | Yes | Not Included |
| Miscellaneous | ||||
| Promptly responding to service requests | Yes | Yes | ||
| Obtaining bids, and negotiating contracts | Yes | Yes | ||
| Inspections and CC&Rs/rules enforcement | Yes | Inspections not included | Not Included | Not Included |
| Making appearances for the Association in Small Claims Court | Yes | Not Included | Yes | Not Included |
| Coordination with the HOA Inspection or Elections | Yes | Yes | Yes | Not Included |
| Enforcing the Association’s late charge, lien and collection policy | Yes | Yes | Yes | Not Included |
| Providing 24 Hour Emergency Service | Yes | Yes | Not Included | Not Included |
Coast Management of California
818-991-1500