Homeowners and Condo Association Management Services
Terra Properties, Inc has been providing Community Association Management since 1984. Our team provides personal service to Homeowners’ Association officers and members. Our Certified Manager of Community Associations, Laurie Raymond, can assist you with budgeting for both capital expenses, as well as reserve accounts; billing and collection of association dues; negotiating services contracts and insurance coverage; and planning of both Board and Membership meetings to meet Illinois State statute guidelines.
Director’s Fiduciary Duties
Terra Properties takes the burdens of Association Management off the hands of the Board of Directors and Membership. Terra will efficiently and meticulously manage the following tasks:
Professional Maintenance of Association Property
Accounting
- Accounts Payable & Receivable
- Billing & Collection of Dues and Assessments
- Maintenance of Reserve Accounts
Preparation of Monthly and Annual Financial Reports including:
- Annual Budget
- Income Statement
- Balance Sheet
- Tax Return, including Submission
Contract Negotiation and Project Management
- Landscaping
- Insurance
- Pool Maintenance
- Snow Removal
- Special Projects or Capital Improvements
Annual HOA Reporting to Government Agencies
Homeowners Associations managed by Terra
- Arbor Lake Estates
- Autumn Oaks
- Cloverdale
- Governor’s Way
- Hampton Glen
- Hearthstone Place
- Huntington Place
- Indian Springs
- Meridian Oaks
- Savannah Crossing
- Seasons Village
- Villas of Country Club
- Villas of Ginger Meadows
- Villas of Pine View
- Willow Creek
Condo Associations managed by Terra
- Cedartree
- Country Club View
- Floral View
- Fourth Street Condo II
- Fourth Street Condo Owners
- Ginger Creek Townhouses
- Park Avenue
- Plaza North
- Plaza Townhouse