The Board Member’s Guide to Navigating Condo Collections in Florida

This free guide will give you all the tools you need to successfully master collections processing for your Florida condo association

Florida Condo Collections

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The road map of your community’s governance is the budget. As community associations are not for profit entities the math is simple. What you expect to spend to maintain your association should equal the revenue you bring in.

The lion’s share of any community association’s revenue is drawn from the maintenance fees. Any shortfalls in this income can wreak havoc on your budget, which may cause an increase of dues, decreased services, an erosion in the lifestyle of members, special assessments, and even a reduction in property value.

This guide will provide some insight as to what a board of directors can do to protect the property that you have volunteered to govern.

Why you should read this Guide:

  • Get a blueprint of the legal steps your board should follow in the collections process
  • Learn 3 alternatives to a property lien for recovering maintenance fees
  • Learn a surprising thing Florida law allows when investment owners are delinquent
  • One thing you should never say in your collection letters if you want to avoid a fine
  • Learn the differences between professionals who work in capital recovery
  • Learn the key questions to ask your community association attorney about their collections process

All this, and we’ve also included two bonuses:

  • Sample language for a uniform collections policy for your board to adopt, and
  • A sample letter you can use to collect delinquent funds from tenants

 

Get Your Free Guide Here

Axela’s platform can easily review your delinquency issues and provide a customized collections plan. 

We recover funds utilizing information acquired from your association, third-party data aggregators, and credit reporting agencies.

Our highly trained and accredited in-house collectors will work respectfully with your association members to resolve delinquencies as quickly as possible.

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Member, Community Associations Institute Member, Association of Credit and Collection Professionals

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