HOA Insights: Common Sense for Common Areas

054 | Maximizing HOA Cash Flow & Minimizing Troublesome Delinquencies


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Get some expert strategies to boost HOA cash flow and manage delinquencies with special guest Mitch Drimmer!
 ✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

Learn HOA management strategies to enhancing cash flow and effectively managing delinquencies. Special guest Mitch Drimmer shares expert insights on maintaining healthy finances in community associations and actionable tips to the importance of a strategic approach to delinquencies.

Get Mitch’s Book for FREE “The Art of Corrections for Community Associations” with code “Mitch”! Send an email with the code to [email protected]
Get in contact with Mitch: https://axela.com/

Chapters from today's episode:

00:00 Introducing HOA Merch Shop!
00:31 Attorneys DON’T do collections! 
01:36 Listener question
02:49 Special guest Mitch Drimmer introduction
04:03 Is there such a thing as an acceptable rate of HOA delinquencies?
05:44 Reserves are like your 401k 
07:15 Dealing with unresolved HOA delinquencies 
14:44 Why attorneys shouldn’t be your first line of defense for HOA delinquencies
18:10 Understand the human process of delinquencies 
20:26 Ad Break - FiPhO Score
20:57 Payment plans 
22:42 Today's delinquent homeowner is tomorrow's board president. 
25:34 Having the right budget for your HOA 
27:16 Axela collection solutions 
32:29 Get Mitch’s book for FREE! 

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Julie Adamen

Kevin Davis, CIRMS

Robert Nordlund, PE

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HOA Insights: Common Sense for Common AreasBy Hosts: Robert Nordlund, Kevin Davis, Julie Adamen

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