Condo & HOA Delinquencies | Axela Technologies

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…

Just the facts on your delinquencies checklist

A Checklist for your Condo and HOA Delinquencies

By Mitch Drimmer / 14 January, 2020

The first step to a good collections process is establishing a fact pattern. This checklist covers all the questions you should have answers to before you begin.

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…

There's No Excuse for Not Paying Assessments

By Mitch Drimmer / 17 October, 2019

Homeowners have a lot of excuses for why they didn’t pay assessments. Here’s how to respond…

Delinquencies do not make for good neighbors in Condos and HOAs

By Mitch Drimmer / 14 March, 2019

Running the association as a zero-dollar business is necessary, but it creates a fragile economy. If a single owner misses just one payment, it could compromise the entire association.

Are there delinquencies your board of directors does not want to address?

By Mitch Drimmer / 2 October, 2018

Is your board of directors ignoring the elephant that is uncollected past due assessments? Take care of it now before it becomes a circus!

The Needy, The Greedy, & the Seedy. HOA & Condo Collections

By Mitch Drimmer / 9 July, 2018

In most cases the delinquent owners fall in to one of three categories: The Needy, The Greedy, and The Seedy. The only question remains is: How do we treat each one?

HOA and Condo Delinquencies is still a Problem

By Mitch Drimmer / 20 March, 2018

Would you buy into a community association where a special assessment was inevitable? Learn from the last crisis and be proactive about delinquencies.