AR recovery is growing in importance – and executives in community association management are taking notice. As economic uncertainty leads to accounts receivable uncertainty, many management companies are preparing for more homeowners to fall past due on their monthly fees. This means less reserves funding, more special assessments, and more financial strain for HOA/COA Boards. But rather than simply expecting a doomsday scenario, we can use a combination of empathy and technology to proactively recover delinquencies. Read the article…………………………….
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