Collections & Delinquencies in Community Associations

Welcome to another insightful episode of Community Matters, hosted by Tony Campisi, CAE, Executive Director of the Keystone Chapter of the Community Associations Institute. In this episode, we delve into the complex world of collections in community associations, exploring the reasons behind delinquencies and the processes involved in managing them effectively.

Our guests, Mitch Drimmer and Reale Edgerton from Axela Technologies, bring their expertise to the table, discussing the differences between engaging collection agencies and attorneys, and the impact of each approach on community relationships. They provide valuable insights into the proactive strategies that can be employed to handle delinquencies, emphasizing the importance of engagement over immediate legal action.

Listen in as we explore the challenges of managing long-term delinquencies and the implications of financial hardships on homeowners. Discover how a well-structured collection policy can safeguard the financial health of your community and enhance property values.

Tune in to gain a deeper understanding of the collection landscape and learn practical strategies to maintain harmonious and financially stable community associations.

Special thanks to our sponsor - Hoffman Law, LLC. Visit Hoffman Law online for more information.