Last week we hosted a webinar to discuss how to handle the collection of dues and assessments and the increasing risk of delinquency during these unprecedented times. Joining me was a Community Association Attorney as well as a National Collection Agency that specializes in the Condo and HOA industry. Below are the the attendee questions…
Do you have questions from owners and other board members about assessment collections during the COVID-19 Crisis? Join our 4/29 Webinar on Assessment Collection at your HOA or Condo during the Coronavirus Crisis. Webinar – Assessment Collections during the COVID-19 Crisis Q&A with Legal & Collection Experts 4/29/20 at 2:30 PM EST Joining Host Russell…
As the stay-at-home orders and business shut downs rock the nation’s economy and workers the impacts will increasingly be felt by community associations. This post is about how to handle assessment collection at your Homeowner Association (HOA) or Condo Community during the Coronavirus crisis. Last week (ending April 10th) we saw another record six million…
We wanted to share this information from Community Associations Institute (CAI) on suspending foreclosure actions against delinquent owners. Community Association Institute suggests a moratorium on foreclosure activity for HOAs and Condos for COVID-19 until June 1 that are specifically related to COVID-19 hardships. The following statement also outlines what proof or documentation associations should look…
Embezzlement. Payroll. Accounts Payable. Delinquencies. Operating vs Reserves. These are just a few of the financial challenges boards and managers face twelve times a year. It is so simple to say “assessments should offset expenses” in running a community association. But we all know that reality is much more complicated than theory, especially here in…
We want to keep sharing useful links and news stories for boards of HOAs and Condo communities to help them manage through the outbreak. Some are shared by Community Associations Institute (CAI) and others by the Rocky Mountain Chapter of CAI. Here are more resources for HOAs and Condos regarding Coronavirus: Blog.caionline.org – Best practices for…
With the daily changes in response to COVID-19 many of us are being asked to modify our behaviors from what we’re used to. With many Boards looking for ways to conduct Board meetings remotely we’d like to offer the video call and conference call capabilities we use daily to prospects we’ve given a proposal to…
We receive a lot of good information from various sources and wanted to compile some of them for you to help your board and community. The following is a compilation of HOA and Condo Coronavirus Resources: Webinars, Articles, Sample Letters and More. Most of our info comes in from different chapters and the main office…
With the outbreak of Corona Virus we are seeing many businesses move to remote working as a way to self-isolate and reduce the spread of the virus. Are remote services for Condos and HOAs the new normal after the Coronavirus? The answer for the next few weeks and months is probably yes. Businesses are reducing…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
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