054 | Maximizing HOA Cash Flow & Minimizing Troublesome Delinquencies

20/05/2024 35 min Temporada 1 Episodio 54
054 | Maximizing HOA Cash Flow & Minimizing Troublesome Delinquencies

Listen "054 | Maximizing HOA Cash Flow & Minimizing Troublesome Delinquencies"

Episode Synopsis

Send us a textGet 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! Podcast Links:Full Episode ListWatch On YoutubeEngage in the conversation! Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected] yourself or a Board Hero you Know!Board Hero NominationsBoardmember Merch Store!Connect with Hosts on LinkedInJulie AdamenKevin Davis, CIRMSRobert Nordlund, PESupport Our SponsorsAssociation Insights & MarketplaceAssociation ReservesCommunity FinancialsKevin Davis Insurance ServicesStokelight Video & MarketingThe Inspectors of Election