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2024 Annual Association Assessment Print
For the record

Pursuant to the Association’s governing documents to increase the assessment annually by the rate of annual CPI increase, you are hereby notified that the annual assessment for 2024 will be increased  by 3% to $782.00 per lot. The Board diligently worked to create a budget that would not only continue to fund ongoing capital repair projects, but also replenish the reserve funds, which is instrumental to the continued fiscal operation and maintenance of the Association. It is prudent for the reserves to equal at least one year’s total assessment income pursuant to recommendations made by professionals in the industry and we are currently far from meeting said goal. In addition, with costs and services steadily increasing over the past few years, the Board has no choice but to continue improving and protecting the financial stability of the Association by making the tough decision to raise the dues amount to also meet the additional costs.

The Board of Directors would like to again offer each property owner the opportunity to divide the annual assessment into four (4) payments of $195.50 for those who might have a hardship from paying the fee in one lump sum and has extended the due date to accommodate this effort. You will find four (4) coupons enclosed for your use in mailing your payments to the processing center. Partial payment suggested due dates are as follows: December 15, 2024, January 15, 2024, February 15, 2024 and March 15, 2024. Please note that the entire 2024 assessment must be paid in full and received by April 1, 2024, to avoid late or legal fees. Property owners may certainly opt to pay their entire 2024 assessment in a single payment by the due date (April 1, 2024) and decline the advantage of the incremental payment option. Again, late fees will not be applied until April 1, 2024 on any past due assessment amount so we urge all to take advantage of the additional grace period and partial payment options.

The approved 2024 budget was enclosed in the mailed statement to homeowners, and will be posted on the Association website and Management Company homeowner portal for future reference.

Please also note that if a property owner is currently being pursued for outstanding prior year’s fees, any payments made will be credited to outstanding balances or may not be accepted based on the account status. Property owners who are currently delinquent are requested to contact management to discuss their account.

Property owners who are in a financial position preventing them from paying their 2024 assessment in full by April 1, 2024, please send a written request for a payment plan extension either by mail, fax or email to the Management Company PRIOR to the due date to avoid additional fees. For property owners who are currently delinquent, the balance reflected in the mailed statement may not include all pending late or legal fees. Please contact Management Company for the most up to date balance.

PAYMENTS BY MAIL:

  • Please mail the provided coupon with your payment(s).
  • Make checks payable to PFMA, NOT High Sierra Management.
  • Late payment information can be found on your coupon and on the homeowner portal and Association website.
  • Mail payments ONLY to the address on the payment coupon.

PERSONAL ONLINE BANKING BILL PAY SERVICES:

  • Mail payments ONLY to the address on the payment coupon.
  • Verify the payment amount.
  • Make payments payable to PFMA, NOT High Sierra Management.
  • Allow up to 7-10 business days for processing if you choose to use this payment method.
  • Include the account number on your payment.

ASSOCIATION ONLINE/AUTO PAYMENT OPTIONS:

  • To make an online payment – from this website:

o Click the “Pay Assessment OnlineButton -or- the Side Menu Option - to link to the Management Company’s ‘Pay Assessments’ page.

o You may also access the Pay Assessments’ menu option directly from www.highsierramanagement.com.

  • Automatic draft payments may be set up through the payment website at no charge to owners.
  • Credit Card payment options are also available on the payment website but will be charged a convenience fee assessed by the bank. E-check payments are NOT charged a convenience fee.

OTHER IMPORTANT INFORMATION:

  • Other information and services (i.e. legal documents, annual budget, calendars (Board of Director Meetings), Account History, etc.) are available on the homeowner portal as well.
  • Haven’t signed up for the management homeowner portal yet? Send an email to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it requesting registration and we will help you get signed up.
  • Do you need to change your mailing address? Send your request by email to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or send a written request to High Sierra Management, P.O. Box 940267, Houston, Texas 77094.

If you have any questions, feel free to contact your Association Manager, Sherri Carey at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or at 281-391-7914.

Sincerely,
Prestonwood Forest Maintenance Association, Inc.

 

COLLECTION PROCESS SUMMARY
 
1st Day of January – Regular assessment is due and grace period begins and ends the 1st day of March.
 
1st Day of April – (Reminder Notice) A letter is forwarded to the owner advising of final due date and fees to be assessed.
 
1st Day of May – (Collection Warning) Regular assessment considered late and a fee of $25.00, plus interest, processing fee and collection costs will be assessed and a balance due letter will be forwarded to the owner. The letter will include a warning of the impending trash service suspension.
 
1st Day of June – (Final Demand) Additional late fee of $50.00, interest, processing fee and collection costs will be assessed and a demand letter warning of impending legal action and the implementation of trash suspension.
 
1st Day of July – All delinquent accounts for the current calendar year will be forwarded to the Association’s choice of legal counsel for pursuit of collection. An additional $50.00 late fee, interest, processing fee and collection costs are charged to the account. All costs associated with legal action will be charged to the homeowner account.
 
 
Charges Applicable are as follows:
1. $25.00 Late Fee plus interest, processing and collection cost.
2. $50.00 Late Fee plus interest, processing and collection cost. (Suspension of trash service)
3. $50.00 Late Fee plus interest, processing and collection cost. (Suspension of trash service)
4. All Costs associated with legal action.
5. $25.00 returned check fee (if applicable)
6. Interest as stipulated in the Declaration
 
 
 

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