054 | Maximizing HOA Cash Flow & Minimizing Troublesome Delinquencies

HOA Insights: Common Sense for Common Areas

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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 [e-mail]
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!

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

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Julie Adamen
https://www.linkedin.com/in/julieadamen/
Kevin Davis, CIRMS
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Kapitler

1. Introducing HOA Merch Shop! (00:00:00)

2. Attorneys DON’T do collections! (00:00:31)

3. Listener question (00:01:36)

4. Special guest Mitch Drimmer introduction (00:02:49)

5. Is there such a thing as an acceptable rate of HOA delinquencies? (00:04:03)

6. Reserves are like your 401k (00:05:44)

7. Dealing with unresolved HOA delinquencies (00:07:15)

8. Why attorneys shouldn’t be your first line of defense for HOA delinquencies (00:14:44)

9. Understand the human process of delinquencies (00:18:10)

10. Ad Break - FiPhO Score (00:20:26)

11. Payment plans (00:20:57)

12. Today's delinquent homeowner is tomorrow's board president (00:22:42)

13. Having the right budget for your HOA (00:25:34)

14. Axela collection solutions (00:27:16)

15. Get Mitch’s book for FREE! (00:32:29)