TCMG provides three levels of services: Financial Management, Financial Management with Consulting and Full Service Management.
TCMG uses technology as well as experienced staff to provide timely and accurate financial reports to our clients. We can produce various reports to meet the needs of individual communities. Standardized monthly reporting includes: Income Statements, Balance Sheets, General Ledger, Trial Balances, and Cash Disbursement Journals. TCMG also collects all monthly fees and miscellaneous income.
TCMG maintains checking, savings and other bank accounts on behalf of Associations. All reserve funds are invested in secured FDIC insured accounts. TCMG is also experienced in preparing, analyzing and securing loan packages.
TCMG prepares a draft annual budget for the review and approval of the Board of Directors. To ensure that communities objectives are met, we encourage the Directors to participate in the budget preparation process.
TCMG prepares and updates a detailed owner analysis and property work order log, as well as establishing and maintaining all pertinent property documents and files.
TCMG prides itself on its longstanding reputation and relationship with the Washington Metropolitan area’s best contractor companies. TCMG has access to contractors in every field related of community management. Contractors are local, reliable, and fully insured.
At the full service level of management services, property inspections are performed and follow-up inspections scheduled to oversee contractor performance, identify repair needs and help to develop short- and long-term community goals. Each month the results of, and recommendations for, corrective action are sent to the Board. Frequent maintenance inspections help enhance resident’s confidence in the Board of Directors.
TCMG’s Collection System is unique. Our in-house collections department reviews each homeowner’s account. This on-going process enables us to better monitor your community’s financial health.TCMG is a licensed collection agency in the State of Maryland.
Obtain and analyze bids for insurance coverage, prepare claims when required and follow-up on claim payments.
Secure service contracts and provide services as needed. Inspect contractual services for satisfactory performance and prepare compliance letters to vendors.
Compile and analyze data, prepare specifications, and solicit bids for major improvement projects, issues contracts, coordinate work, and inspect each job to ensure the work is performed according to specifications.
Financial Restoration-TCMG specializes in restoring financial health to communities that are financially challenged. TCMG Offers services that are uniquely tailored to fit the overall goals and needs of your community.