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Category Archives: Financial Management

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How the Future Collects

Bad Debt In Community Associations

Why Does Bad Debt Happen In Community Associations?

By Mitch Drimmer / 13 May, 2020

When one homeowner doesn’t pay, the entire community suffers. Bad debt isn’t just the delinquent homeowner’s fault, it’s the board’s too…

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Rent Is Not the Same as HOA Assessments

By Mitch Drimmer / 7 April, 2020

Everybody pays for shelter, whether you own or buy. But is a Condo or HOA Assessment the same as rent? And what happens if you don’t pay your maintenance fees?

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Condos and HOAs in the time of Virus and Recession

By Mitch Drimmer / 17 March, 2020

We’ve been schooled on the benefits of washing our hands, social distancing, etc. What the pundits don’t say is the financial hit communities will endure and how to address it.

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Should I buy a condo with a 15% delinquency rate?

By Mitch Drimmer / 10 December, 2019

When buying a new condo, many potential homeowners fail to factor in the financial stability of the association. Delinquency rates can and will affect your family economy.

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How Do You Know if Your HOA or Condo is Under Water?

By Mitch Drimmer / 28 November, 2019

Your Community Association could be in financial trouble and you wouldn’t know it until you get slapped with a special assessment. Here’s how to tell…

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FHA Approval Can Raise Property Values…Don’t let Condo Delinquencies Stand in the Way

By Mitch Drimmer / 30 July, 2019

Your guide to FHA Approval for your condominium association is inside…

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HOAs & Condos…Beautiful Dreams or Horrific Nightmares

By Mitch Drimmer / 19 July, 2018

Buying a unit in a community association can be a wonderful experience, but if you are only looking at the property and not the community’s finances it can quickly turn out to be a nightmare.

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Are your Community Association Ledgers Accurate?

By Mitch Drimmer / 10 May, 2018

The ability to enforce payments starts with an accurate ledger. Check your accounting software with your management team today.

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Collections and Instant Funding for Condo and HOA Delinquencies

By Mitch Drimmer / 17 April, 2018

Now, there is a solution for Condo & HOA Delinquencies that will not only recover your past due assessments but provide funding for your collection shortfall.

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Community Association Collections: How Units Settle Out

By Mitch Drimmer / 23 January, 2018

There are six ways a delinquent HOA or Condo unit will settle out. All of these ways are discussed in this article about Community Association Collections Collections.

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