Our top-notch, talented managers are the key to our business model. Bonanza Realty managers receive intensive training in customer service as a good portion of their day is spent face-to-face with vendors and homeowners. We believe in proactive property management practices. Our organization is proud that we consistently bring to our clients efficiencies that streamline operations while maximizing the rate of return on money spent. Our managers are charged with handling day-to-day community issues with minimal Board involvement.
Bonanza Realty offers a team of experienced accounting and administrative employees that handle all of your accounting needs. This allows the managing agent to focus on property maintenance and homeowner concerns.
We use a bank lockbox system under the tightest software control. Payments are mailed directly to the lockbox and deposited to the Association's operating accounts the next day. Late payment letters are automatically generated monthly, quarterly or annually. Assessment billings are accomplished by coupon books or statements prepared and mailed to the membership.
Bonanza Realty takes collection issues very seriously. We understand that outstanding assessments can be detrimental to the financial health of any Association. Late letters are sent automatically following each billing cycle. Bonanza Realty uses proven law firms specializing in Association collection issues that have the ability to access our system to pull real-time account data for homeowners referred to them.
Each year, Bonanza Realty provides a detailed and thorough draft budget, which greatly reduces the amount of time the Board and the Treasurer spend on budget preparation. Each month in the Monthly Financial Package the Board can see a year-to-date snapshot of where the community stands compared to the annual budget.