|This is often one of the most difficult areas of association management. With the recent economy changes, many associations face higher than ever delinquency rates within their community, and the ability to collect is often difficult.|
Our Receivables Manager oversees the collections processes for our communities and has been able to maintain a delinquency rate well below the state and national averages for our associations. Our collections practices are second to none – we wrote the book on collecting from difficult accounts. While this is not a happy topic, as many owners are financially burdened and limited in their finances, we are happy to report that we are able to work out payment plans with most owners in order to prevent costly legal filings and additional accrual of fees.
Our collections attorney works hand in hand with our Receivables Manager on a regular basis and successfully brings accounts current more often than any other firm.