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Condominium &  HOA Collections Agency

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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 vs. Condo / HOA Assessments

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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coronavirus, recession, and condos and HOAs

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 from a coronavirus recession and how to address it.

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CheckDelinquencyRateBeforeYouBuy

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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Association Underwater

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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CondoDelinquenciesCouldPreventFHAApproval

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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condos hoas dream or nightmare

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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accurate ledgers

Are your Community Association Ledgers Accurate?

By Mitch Drimmer / 10 May, 2018

The ability to enforce payments starts with an accurate community association ledger. Lets talk about how you can test your ledgers.

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instant delinquency funding

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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How Units Settle Out

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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