HOA collections are one of the most important responsibilities an association must manage. Without timely dues and assessments, an HOA cannot pay for necessary services. Board members should understand how to properly handle unpaid dues to ensure the financial health and success of the community. The Importance of HOA Collections A consistent HOA dues…
Not all members of a homeowners association pay their dues on time or even at all. But, when push comes to shove, is hiring an HOA collection agency really the best option? Establishing the Need for an HOA Collection Agency Many homeowners associations struggle to keep their delinquency rate low. A high delinquency rate…
HOA special assessments are a polarizing topic in a homeowners association, one that can put the HOA board and community members at odds. But, can an HOA even charge special assessments to homeowners? What are these HOA assessments for anyway? The Ins and Outs of HOA Special Assessments To any veteran of an HOA…