HOA | Accounting Basics
WHAT IS GULF PPM?
ABOUT US
Gulf Professional Property Management specializes in the professional management of Texas Homeowners Associations. Our passion is found in creating a family-friendly atmosphere with a personal touch, by treating our homeowners with both integrity and respect.
Our services are customized for communities with a focus on budget-conscious expenditure, equitable enforcement and common-sense community management. We bring over 59 years of combined industry experience and best-practices to each community within the Gulf PPM family.
Our philosophy is simple:
"We offer professional service with a personal touch."
EVERYTHING WE DO
OUR SERVICES
Property Management Services
"A well-maintained community produces the highest returns for owners — and we're proud to offer a long list of satisfied owners as testimony to our preventative maintenance programs." Our staff has the ability to identify and solve maintenance issues quickly and effectively utilizing our network of carefully selected vendors. We are in relationship with vendors who know the level of workmanship our clients expect, and are prepared to deliver quality service. As part of our maintenance program, we provide regular site inspections of the community, present our findings to the Board, and assist in securing bids when work is needed. With our Online Services and our emergency phone line, residents are able to report maintenance concerns from anywhere, at anytime.
Association Governance
Effective governance is essential for a successful Community, encompassing clear communication and defined responsibilities. Strong communication ensures community support for Board activities. Keeping homeowners informed about community issues and decisions help owners understand the reasons behind certain actions. Our communication channels afford members the ability to express their comments, concerns, and ideas, enabling the Board to make informed decisions. We promote transparency and engagement through board meetings, newsletters, and online services, allowing members to stay updated, participate in surveys, and vote online. Clear responsibilities are crucial for efficient resource utilization. The Board of Directors sets association policies, while our managers advise and ensure compliance with local legislation. As the Managing Agent, we execute the Board's directives and manage day-to-day operations, including: - Regular property inspections - Reporting violations of Covenants, Rules, and Design Standards - Notifying homeowners of non-compliance - Collaborating with homeowners to resolve issues This division of responsibilities allows the Board to focus on policy-making while we handle operational tasks.
Financial Services
Maintaining complete, accurate, and timely association financials is a cornerstone of our firm. We produce all the necessary financial information your association will need to make sound financial decisions. Our accounting team facilitates assessment billing, collections and if supported by the governing documents — fines. We maintain all records and transactions for each homeowner, and perform accounts payable functions for all Association business. From annual operating budget development to reserves funding, our firm has the resources to protect and maintain the financial health of your association. As part of our services we provide the following financial reports on both an interim and annual basis: - Accounts Receivable Report - Balance Sheet - Bank Reconciliation of Accounts - Budget Comparison Report - Cash Disbursement Report - Operating/Reserves Budget - CPA assistance with audits & tax returns
Community Services
"The positive management of expectations can greatly enhance the quality of life in a community." Our managers play a key role in building a healthy sense of community and positively influencing members' perceptions of their association through consistent communications and common-sense management. To help encourage community involvement, our managers focus on a comprehensive communications program to educate members and provide them with a better understanding of association life. Through emails, newsletters and Online Services, we provide members with convenient access to association information and activities, offering comprehensive communications solutions for our clients.
Developer Services
We offer a comprehensive suite of services tailored specifically for developers. Bottom Line—We handle management, so you can handle development. We provide: - Expert assistance in drafting and filing governing documents. - Assistance in putting together advisory committees to offer valuable insight and support throughout the development process. - A smooth transition process, ensuring the effective handover of responsibilities from declarant to owner control. - A detailed buildout budget to help manage costs during the construction and development phases. Additionally, we coordinate and manage vendor relationships, and facilitate strategic interactions with sales staff to optimize community development. Our services ensure a seamless and efficient development process, providing expertise and support at every stage.
Online Services
At Gulf PPM, we recognize the importance of accessible Association information. That's why we're pleased to offer online Association services for all our communities. Homeowners now have 24/7 access to management office functions, architectural requests, community standards correspondence, and activities. They can also submit maintenance requests, architectural requests, and pay assessments conveniently from their home computer or mobile device. This connected membership solution is both efficient and cost-effective. Our online services enable you to: - Distribute association information and documents - Send targeted group emails and mailings - Collect resident information and requests - Optimize volunteer time and resources - Provide education on procedures and rules
REACH OUT
CONTACT US
Hours of Operation:
Mon - Fri
9:00 am - 5:00 pm
Sat - Sun
Closed
Note: In-person office visits are by appointment only. To schedule an appointment, please email customer service.
Phone:
(469) 600-5080
Fax:
(972) 382-5402
Mail:
5763 State Highway 205 Suite 102b, Rockwall, TX 75032
Mail Payments to:
(Name of Association) c/o Gulf Professional Property Management, PO Box 650898 Dallas, TX 75265-0898