3 Ways Outside Investors Could Hurt Your HOA (And 3 Simple Solutions)
Outside investors buying into community associations can lead to increased homeowner apathy from absentee homeowners. Here’s what that can cause, and how to push back.
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What Happens When You Don’t Pay Your HOA Dues?
There are a lot of reason why it’s important to pay your condo or HOA dues. But sometimes life throws a curveball that makes managing finances difficult. Here’s what can happen if your HOA dues are the bill that goes unpaid.
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3 Reasons to Hire an HOA Collections Agency to Manage Your Delinquencies
Community associations don’t have a lot of options when it comes to collecting past-due assessments from delinquent homeowners. Here are 3 reasons why an HOA collections agency is the right choice for managing your delinquencies.
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Condo Deconversion: The Good, The Bad, and the Reality
Real-estate prices are reaching staggering heights and costs of building maintenance appear to be matching those numbers. Condo deconversion is the latest topic of conversation in the HOA industry. Here’s the truth about what it can mean for your condominium.
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Is Your HOA Ready to File a Lien? Remember These 3 Do’s and Don’ts
HOA and condo association delinquency can be a major headache without a lot of solutions. Is your HOA ready to file a lien? If so, here are 3 do’s and don’ts to think about.
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New FDCPA Regulation F: How It Impacts Your Condo/HOA
The new FDCPA Regulation F cements a new set of prohibited collection practices tooled for the modern era. Here’s what HOAs and condo associations need to know.
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This Isn’t Why You Volunteered to Serve on your HOA or Condominium Association Board!
You joined your HOA or condo board to make a difference, not to dive head first into the drama of HOA bill collection. Don’t shoulder that burden, let Axela do it for you.
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Does New ‘Surfside’ Condo Legislation in FL Go Far Enough?
On the heels of the tragedy in Miami, new condo legislation in FL is being proposed to avoid future destruction. This can and will mean big changes for your condo association.
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Florida Statute Could Strike Down Delayed Collections For HOAs Post-Foreclosure
A Florida statute impacted a bank’s ability to obtain a deficiency judgment after a foreclosure sale. Could this statute and others like it impact delayed collections for HOAs across the country?
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Who Collects Condo and HOA Fees and Assessments? What Happens to the Money?
HOA fees and assessments are the lifeblood of a community association. But why is that so? Understanding how and why your community collects fees is important to understanding your part in your condo association or HOA.
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Shifting the Emotional Burden of Condo and HOA Delinquency
HOA delinquency is a common problem many communities face. Homeowners and condo association board members shouldn’t have to handle the emotional turmoil unpaid assessments bring.
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Community Association Collections 101: What Happens When An Owner Files For Bankruptcy?
Community association collections are hard enough with standard delinquency. Throw homeowner bankruptcy into the mix and you’ve got a real pickle on your hands. Here’s how to handle such a tricky situation.
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Traditional Collection Methods Versus the HOA Business Model (A Case Study)
Traditional collection methods leave a lot to be desired for HOAs and condo associations. See how Axela was able to help a community association when those other collection methods fell short.
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Can my HOA Collect if the Homeowner Declares Bankruptcy?
When a homeowner declares bankruptcy, is the HOA or condo association still able to collect? In such a challenging situation, it’s essential to take the right steps and consult with specialized collections experts.
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Fishy Legal Tactics HOA Attorneys Have Used for Collections
Attorneys are always looking for new ways to make the most money, even HOA attorneys. Time and again we’ve seen the tricks they use claiming to try to collect for your association, but really they’re just lining their own pockets.
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Outsourcing to Grow Your Association Management Company
Having trouble finding good talent to grow your association management company? You are not alone. Our industry is experiencing a talent shortage. Time to consider outsourcing.
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The Mystery of the Missing Minutes: How Community Association Document Retention Protects Against Liability
When did that rule get changed? Who voted, and when? It should be in the meeting minutes, but where did they go?
By the time you get sued, it will be too late to go back and implement a Community Association Document Retention policy. You need to put it in place now!
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Why Is Your Community Association Still Using a Lawyer for HOA Collections?
Should you contact your lawyer for HOA collections? Calling in the big guns may sound good, but it can also cost huge fees that may end up coming back to the association in the long run.
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Easily Comply with Changing State Association Collections Laws Using Axela Technologies
State community association collections laws are complicated, varied, and seem to be constantly changing. If you’re not in compliance, you could be opening yourself up to liability issues!
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Homesteading and the Homestead Exemption: 3 Things to Know for Your HOA
What is a homestead exemption? Can a community association collect on a property that has one? Is homesteading related? We’re breaking down everything your community needs to know about a homestead exemption.
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Super Liens: Nice, but Not Necessary
Super liens or priority liens allow community associations to collect on the debt owed to them before other lien holders. Cutting the lien line with a super lien sounds like a nice benefit to have, but it surely isn’t one you need. Community associations can recover on debt even without the advantage of a priority lien.
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Priced Out: Should I Lower My Prices or Walk Away?
Community management companies are often faced with a hard decision: Do I lower my prices, or do I lose the sale? Sometimes walking away can be the right thing to do – for your business and for your reputation.
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Axela Technologies Announces Premium Partnership With Innovia Co-Op
The Nation’s Leading Provider of Community Association Collections Services, Axela Technologies Teams up with the Nation’s Leading Community Association Management Collective, Innovia Co-Op.
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Ignoring the Impact of Inflation Can Be Disastrous to Your Community Association Budget
Increases in the Consumer Price Index tell us that inflation is on the rise. Are you accounting for it in your community association budget this year? If you fail to plan, the consequences could be disastrous.
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What Lessons Will Condominium Associations Learn from The Surfside Disaster?
The Community Association Industry is still reeling from the Surfside condo collapse disaster. Will Condo Associations the lessons it has to teach?
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