Cheney Ranch HOA: Management Company

Stewart Investment & Management Company sold their business to Tenney and Associates. They are honoring the contract for Cheney Ranch Home Owners Association. Their job is to assist your H.O.A. board and all property owners. Their phone # is 532-1111. Ask for Stacy.

(this information was passed out at the yearly HOA meeting on June 7th, 2008)

Many people have wondered: WHAT DO WE GET FROM THE MANAGEMENT COMPANY FOR OUR $500. A MONTH?

Preparing of yearly taxes for our HOA (contacted local CPA and found out average cost for this type of tax preparation would be $1,000 to $1,500.)

Stewart Management does all bookkeeping for the HOA (average charge for bookkeeper in this area, for this type of work, is $175. per hr.)

Prepares all billings for dues--they provide paper and envelopes (we only pay for the postage)

Prepare any general mailings - provides paper and envelopes

Prints all general mailings, billings, meeting minutes, etc., for Cheney Ranch.

Handles the majority of phone calls from Cheney Ranch property owners

Collects all dues (no board member receives or handles any HOA money)

Opens and handles bank accounts for Cheney Ranch

Gets bids for HOA board on any work or repair projects that are needed

Hires Board's selection - then checks work and handles the payment

Assists the HOA Board and ACC with the handling of any property owner complaint

Helps mediate in neighbor disputes

Attends all board meetings, takes notes and types them up for board approval

Chuck often drives out to Cheney Ranch to check on problems, or at a property owner's request

Helps with emergency repairs - i.e., last summer broken water pipes at front entrance

Stores all documents and keeps fill records for Cheney Ranch

Keeps current on State HOA laws