by Dawn Bauman, CAE | Apr 30, 2020 | Community Associations, COVID-19
It is critical that every homeowner pays their assessments in a timely manner, yet the extraordinary circumstances created by the COVID-19 pandemic means community associations may need to show compassion and be flexible in their collections.
by Guest Author | Apr 14, 2020 | Community Associations, COVID-19
Despite common areas and amenities being closed due to COVID-19, it’s still necessary for community associations to collect assessments to meet ongoing maintenance requirements and contractual obligations.
by Kiara Candelaria | Apr 9, 2020 | Community Associations, COVID-19
Failing to collect assessments may impair an association’s ability to pays its bills and provide essential services, but it’s important for boards to be flexible with homeowners who are facing financial hardship.
by Daniel Brannigan | Oct 23, 2019 | Community Associations
Just like for-profit businesses, association boards should work diligently to develop annual budgets that estimate revenue and expenses for the upcoming fiscal year. A properly drafted budget can help prevent reduced services, deteriorating property, or special assessments.
by Kiara Candelaria | Apr 25, 2019 | Community Associations
When Michael Shucart took the helm as president of Leisure Town Home Association’s board more than five years ago, financial disarray and outdated amenities plagued the 1,150-home community in Vacaville, Calif. Now, the retired banker is credited with putting Leisure Town back on a path to success.