Send us a textDelinquent homeowners can sink your HOA’s budget. Learn how to recover dues, enforce policies, and protect your community’s financial health.✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/Delinquent homeowners in your HOA can cause serious financial strain on your community. Mitch Drimmer from Axela Technologies shares proven strategies to recover unpaid dues, enforce policies, and protect your HOA’s budget—without jumping straight to foreclosure. Learn how to use consistent communication, amenity restrictions, bank notifications, and late fees to encourage payments. Plus, discover why budgeting for doubtful debt is essential to maintaining financial health. Don't let unpaid assessments jeopardize your community—take control today!Mitch Drimmer’s Company: http://axela-tech.com/Chapters From Today's Episode:00:00 Don’t Play Around with Budgets for Your HOA 01:30 The Rising Costs & Financial Pressure on HOAs03:15 The Biggest Challenges in Collecting Payments05:00 Why Foreclosure Should Be the Last Resort07:20 How to Ensure Accurate Contact Information09:45 Importance of Early & Frequent Communication12:30 Late Fees & Interest: Enforcing HOA Payment Rules15:10 Restricting Amenities for Delinquent Owners18:00 The Power of Bank Demand Letters20:48 Ad Break - Community Financials23:30 Why Boards Must Budget for Delinquencies27:00 Common Mistakes HOAs Make With Collections30:15 Raising Assessments: Tough but Necessary34:00 When Selling is the Best Option for Owners37:30 Final Thoughts & Best Practices for HOAsPodcast 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

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