Without assessments, community associations would be unable to function. Boards of directors have a duty to collect assessments from owners to ensure their associations can operate. While the issue of delinquent homeowners is largely unavoidable, associations can set themselves up for success when collecting late assessments by following best practices and avoiding common pitfalls. UpdateGo to Resource
Collections Resources
There are several universal best practices I find myself repeating over and over in discussions with managers and Board Members. The following are the top 10 points that I suggest all Boards consider. As you are navigating delinquent balances, keep the following pointers in mind: 10. Don’t throw good money after bad. Most of theGo to Resource
Community Association Manager Handbook
Our Community Association Manager Handbook is filled to the brim with resources every manager needs to drive success in their communities. The handbook includes our collections and covenant enforcement process chart, our insurance checklist, and all of CCIOA and the Nonprofit Act, tabbed at certain important sections! The Community Association Manager Handbook is available toGo to Resource
There are certain things in life we do at certain times of year: New Year’s resolutions, flu shots in the fall; holiday shopping in the winter. Did you know there are certain to dos that should occur at particular times when handling delinquencies? Add these to your annual calendar each year to be sure youGo to Resource
Unfortunately, sometimes homeowners pass away. When that happens and the homeowner owes a balance to the association, boards often have many questions about what that means and what they should be doing. First and foremost, remember that the heirs are grieving their loved one. Board members are often torn between wanting to be respectful ofGo to Resource