Financial Control

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Let Maslow Realty manage the collection, accounting, and expenditure of funds, with complete transparency and diligent reporting. Maslow Sectional Title /  HOA Management has fully automated, cutting-edge financial management solutions including a unique online system that is updated in real-time. 

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Our financial services include:

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• compiling and submitting monthly management reports to trustees/directors, including an income and expenditure statement, balance sheet, levy roll, debtor age analysis and trust account statement

• Compiling monthly reports: a monthly management report delivered to Trustees/ Directors including an income and expenditure statement, balance sheet, levy roll, debtor age analysis and trust account statement

• Preparing budgets – factoring in any repair/maintenance work that needs to be done. Sent to body corporate for approval

• Monitoring invoices for payments

• Managing levies and ensuring all funds owed to the body corporate are paid on time (and taking legal action where required)

• Ensuring that the correct, adequate, well-priced insurance policies are in place and annually renewed. This includes the Fidelity Fund cover – protecting the body corporate against loss as a result of theft of trust funds

• Maintaining separate trust accounts for each scheme

• Managing investment accounts

• Providing in-house debt management services

• Managing council accounts: paying rates, taxes, and charges chargeable to the scheme on time; passing accruals when invoices are not received; reporting to trustees/directors any discrepancies with council

• Assisting and advising the trustees/directors on any applicable procedural matters pertaining to the running of the scheme (relating to resolutions, quorums, proxies, voting rights, etc.)

• Paying ad hoc invoices/accounts and HR expenses

• Preparing annual financial statements

• Processing insurance claims

• Registering of directors, record keeping of domicilium, updating of auditor changes.

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