Have you ever checked your bank statement and noticed a RealManage charge on bank account? If you’re scratching your head wondering what it is, you’re not alone. RealManage charges can be confusing, especially if you’re not sure why they’re showing up.
What Is RealManage?
RealManage is a property management company that works with homeowners’ associations (HOAs), condominiums, and community associations across the United States. They handle tasks like collecting HOA fees, maintaining community spaces, and managing budgets.
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If you live in a community with an HOA, chances are RealManage is behind some of the charges you see.
Their services make life easier for residents by keeping neighborhoods tidy and organized. But sometimes, their charges can catch you off guard. Let’s explore why that happens.
Why Do RealManage Charges Appear on Your Bank Account?
Seeing a RealManage charge on your bank statement usually means you’re paying for services related to your HOA or community association. These charges are often tied to monthly or annual fees. Here’s a quick look at the common reasons:
- HOA Dues: Regular fees to cover community maintenance, like landscaping or pool cleaning.
- Special Assessments: One-time charges for unexpected repairs, like fixing a community gate.
- Late Fees: Extra costs if you miss a payment deadline.
- Amenity Fees: Charges for using shared facilities, like a clubhouse or gym.
| Charge Type | Frequency | Typical Amount |
|---|---|---|
| HOA Dues | Monthly/Quarterly | $50–$500 |
| Special Assessments | One-time | $100–$5,000 |
| Late Fees | As applicable | $25–$100 |
| Amenity Fees | Per use/Annual | $10–$200 |
These amounts vary depending on your community and location. Always check your HOA agreement for specifics.
How Are RealManage Charges Processed?
RealManage typically collects payments through automatic bank debits, checks, or online portals. If you’ve signed up for auto-pay, the charge might appear without much notice. Here’s how it usually works:
- Agreement: You agree to pay HOA fees when you buy a property in a managed community.
- Billing: RealManage sends a bill or deducts the amount directly from your account.
- Statement: The charge shows up on your bank statement, often labeled as “RealManage” or “RMG.”
If the charge seems unfamiliar, it might be because the label isn’t clear. Some banks shorten the name, making it look like “RMG LLC” or “RealManage HOA.”
What to Do If You Spot an Unexpected Charge
Noticed a RealManage charge you don’t recognize? Don’t panic. Follow these steps to figure it out:
- Check Your HOA Agreement: Look at your contract to confirm what fees you’re responsible for.
- Contact RealManage: Reach out to their customer service team via phone or their website. Have your account number ready.
- Review Your Bank Statement: Compare the charge date and amount with your HOA billing schedule.
- Talk to Your HOA Board: Sometimes, the HOA board can clarify special assessments or new fees.
If you think the charge is a mistake, RealManage’s support team is usually responsive. Just be polite and have your details handy.
Can You Avoid or Reduce RealManage Charges?
While HOA fees are often mandatory, there are ways to manage or reduce your costs. Here are some tips:
- Pay on Time: Avoid late fees by setting up reminders or auto-pay.
- Attend HOA Meetings: Stay informed about upcoming assessments and voice your concerns.
- Negotiate Payment Plans: If a special assessment is too high, ask RealManage about installment options.
- Review Services: Work with your HOA to cut unnecessary amenities, like premium landscaping, to lower dues.
Being proactive can save you money and stress in the long run.
Common Misconceptions About RealManage Charges
Some people have misconceptions about RealManage and their fees. Let’s clear up a few:
- “RealManage is a scam.” Not true. They’re a legitimate company, but unclear communication can make charges feel suspicious.
- “All charges are non-negotiable.” Some fees, like special assessments, can be discussed with your HOA board.
- “I don’t use amenities, so I shouldn’t pay.” HOA fees cover shared spaces, so everyone pays, regardless of usage.
Understanding these points can help you feel more confident about what you’re paying for.
FAQs: RealManage Charge on Bank Account
Q. Why did I get a RealManage charge if I don’t remember signing up?
A. You likely agreed to HOA fees when you bought your property. Check your purchase agreement or contact RealManage for details.
Q. How can I stop RealManage charges?
A. You can’t stop mandatory HOA fees unless you move out of the community. However, you can negotiate payment plans or discuss fees with your HOA board.
Q. What happens if I don’t pay RealManage charges?
A. Non-payment can lead to late fees, legal action, or even a lien on your property. Always address unpaid fees promptly.
Q. How do I contact RealManage about a charge?
A. Visit their official website or call their customer service line. You’ll need your account number and property details.
Final Thoughts
RealManage charge on bank account can seem confusing at first, but they’re usually tied to the services that keep your community running smoothly. By understanding what these charges are, why they appear, and how to manage them, you can avoid surprises and stay on top of your finances.
If you’re ever unsure, don’t hesitate to reach out to RealManage or your HOA board for clarification. A little effort goes a long way in keeping your bank account happy.
Disclaimer: This blog is for informational purposes only and does not constitute financial or legal advice. Always consult with a professional or your HOA for specific guidance regarding RealManage charges or community fees.
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