

Why More Condo and HOA Boards Are Splitting Financials from Operational Management
More boards are choosing to separate financial management from day-to-day operations because it gives them
Better transparency – Financials are handled by a dedicated team, reducing confusion and errors.
More control – Boards can keep the accounting even if they switch property managers.
Checks and balances – Having separate teams lowers the risk of fraud or mismanagement.
Specialized service – Financial firms focus on the books, while managers focus on the property.

