The Community Association Specialists

Welcome

Welcome to Midlantic Property Management, a recognized leader among association management in New Jersey. We are a Community Institute Association (CAI), Fully Accredited Association Management Company (AAMC).

FINANCIAL MANAGEMENT

 Midlantic Property Management handles all financial aspects of the community.  Our financial analysis staff is highly qualified to reconcile, review and manager your communities assets.  We work directly with your community's treasurer to ensure that they have the tools they need to make the decisions necessary regarding Association funds.  We can customize a package to meet your individual or communities needs. If you are in the need of something not listed, please feel free to call our office at (732) 828-7200 for assistance.

  • Open bank accounts
  • Define charts of accounts
  • Deposit receipts daily into free Lock-box courtesy of TD Bank.
  • Create journals
  • Prepare customized monthly financial statements. (Nine financial reports each month during the third week for the month prior.)
  • Provide balance sheets, income statements, cash receipts/disbursement reports, check registers, profit and loss statements, delinquency reports, and customer ledger
  • Bank reconciliation
  • Provide year-end reports and assist auditor with annual audit preparation
  • Pay authorized bills
  • Review and prepare payments to all vendors. (Payments made with Association approval.)
  • In cooperation with the Board and Association Auditor, prepare the Annual Budget, and develop an investment plan for Reserve Fund
  • Maintain association records
  • Work with accountant to prepare 1099s
  • Work with accountant to file annual federal and state tax returns
  • Facilitate refinancing and transfer of ownership
  • Provide collection attorney with customer account information, for collection process

 

CUSTOMIZED PACKAGES AVAILABLE