Reserves
Frequently, association reserve fund accounts are not actively managed or monitored, meaning that your community could be leaving money on the table. EJF addresses that with our reserve cash management program.
Through a network of partner banks that specialize in the community association industry, we actively analyze our clients' reserve fund accounts to identify those underperforming in the market and present alternative opportunities for higher rates and better returns. We work closely with your board to understand liquidity needs, and then make recommendations for money market or certificate of deposit accounts based on your goals. By leveraging technology, we also eliminate the timely burden of financial management for your community manager, freeing up their time to focus on your association's most important needs.
Program benefits:
Fully insured deposit accounts
Simple, streamlined, paper-free account opening process
Active account monitoring to maximize interest earning
Electronic reporting for timely delivery of monthly statements
Connect With a Community Association Expert
Don’t just take our word for it. Hear what our clients have to say.
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[Market] Property Management Services
“Our building has gone through three or four management companies in the last 5 years, and by far EJF has been most responsive and most professional.”
Board President, Washington DC -
[Market] Property Management Services
“Our community has been managed by EJF since January 2024. Thus far the board has been very pleased with EJF's services and attention. Residents have also reported that they have seen a noticeable improvement in communication and responsiveness from property management. Our property manager, Melissa, has been incredibly diligent, responsive, and knowledgeable on all matters we've been dealing with.”
Board President, Washington DC -
[Market] Property Management Services
“We recently were assigned a new property manager and he has been amazing to work with. Matthews is very responsive, quick to take action, and friendly.”
Board President, Washington DC -
[Market] Property Management Services
“I depend on their customer service, leadership, dependability and prompt action to handle many concerns regarding our neighborhood. We have a great working relationship with our community manager, and he is very accessible when needed.”
Board President, Washington DC -
[Market] Property Management Services
“We have an excellent property manager that stays on top of any problem he sees or has been made aware of. You cannot believe the difference that has been made on this property with him.”
Board President, Washington DC -
[Market] Property Management Services
“It's been night and day working with EJF. Love the professionalism and steady leadership.”
Board President, Washington DC -
[Market] Property Management Services
“Our manager has done a good job keeping the Board informed on action items. He is also doing a great job at handling critical issues.”
Board President, Washington DC -
[Market] Property Management Services
“Our property manager, Robert, is excellent - organized, communicative, diligent. The support services of your firm are good as well, but Robert brings it all together and helps us stay focused on our priorities.”
Board President, Washington DC -
[Market] Property Management Services
“I like their professionalism, friendliness, and follow up on tasks. Budget reports are managed well, and they are looking out for our budget in hiring cost-efficient services, a big plus. Participating in our monthly board meetings and response times on issues is also a big plus and appreciated.”
Board President, Washington DC -
[Market] Property Management Services
“EJF management services are provided in a professional, customer friendly manner. Representatives are knowledgeable and responsive.”
Board President, Washington DC -
[Market] Property Management Services
“Our property manager is the most capable and professional individual I have worked with over the last two decades.”
Board President, Washington DC