Take Control of Your Accounts Receivables
If your community association is suffering from high delinquency rates and long recovery times for delinquent fees, it’s time to take a proactive approach to community association collections.
The Consequences of Poor Collection Practices
When members of your HOA or Condo association pay late or have decided not to pay their fair share, it causes problems for everyone. Legal fees and dissent between the board and community members are just the start. A long-term pattern of delinquencies can affect your community's ability to become approved for government loans for new owners, or to get loans for capital improvements.
There is an alternative to a legal process of lien and foreclosure. A collections process is the best alternative to foreclosure.
A Better Way to Manage Delinquencies
Axela-Technologies is a dedicated collections partner for HOA and Condo Associations. We work with you to get a jump on recovering delinquent funds quickly, painlessly and ethically.
Why Choose Axela?
Predictable Cash Flow
Reduce delinquencies and stabilize your cash flow and prevent the need to take special measures to cover budget shortfalls.
Our average recovery time is 67 days. Compare that to a lien judgement where you then have to rent out the unit and collect rental fees!
All fees are deferred until money is collected, and are paid by the delinquent owner. We take on all the risk so you don't have to.
We follow your governing documents for our fees and our processes. It's as seamless a process as you will find.
We make every effort to work with delinquent owners, and we won't bury them in outrageous fees.
We provide your manager and Board of Directors with easy to understand monthly reports. You'll have access to your customer portal 24/7 so you can instantly check the status of any account.
How It Works
Watch this video to learn how Axela can put delinquent funds back into your community association's accounts at absolutely no risk.
Axela recovers for you, and we do it fast: On average, we’ll have the money in your community’s account within 67 days of the assessments becoming delinquent.