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Community associations are under increased pressure to actively manage assets and ease the financial strain of infrastructure repairs.
Unfortunately, they face the following challenges:
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Reserve account interest rates are often still below 1%​​
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70% of communities have underfunded reserves
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Communities and management companies lack the time and resources to address these problems
CommonArea is the first ever platform to solve for these challenges.
Account set-up process is extremely efficient, the ability to move money quickly is excellent, and account assistance from partner banks is fantastic!
Tom Zorc, Director of Sales
EJF Real Estate
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