Late Fees and Delinquency in a Condo Association

One constant challenge in Condo Associations is the issue of delinquency and debt collection. Homeowner’s Association or Condo Association fees, also called “general assessments,” are the financial lifeblood of your Association. While you may have alternate revenue streams, general assessments make up the bulk of your cash flow in. Without money, you can’t invest in reserves or carry out maintenance. This makes the issue of late fees and delinquency in a Condo Association extremely important.   Read the article…………..


Related Articles

Banks’ New Foe: Homeowners Associations

No one looks forward to a bank foreclosure. It’s miserable for the people being kicked out of their homes, it’s

The Road to Self-Management: Independence Has Its Pros and Cons

Management by definition is a process; a series of ongoing systems and controls put in place with a specific outcome

Landscaping With Artificial Turf in an HOA Neighborhood

With increasing concerns over drought and water conservation, artificial turf is growing in popularity. If your first thought is “ew,”