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ALL ABOUT
HOA COLLECTIONS
In a homeowners' association (HOA), a board of directors is responsible for
maintaining the financial health of the community. Key to sustaining financial
stability—and a thriving and harmonious neighborhood—is a robust collections
policy. A good collections policy should be easy to understand and legally compliant,
safeguarding against delinquencies and fostering financial security. However, often,
collections policies are ineffective due to their complexity, outdated processes, and
unenforceable rules.
As the long-standing industry leader, Associa knows that it can be difficult to enforce
a collections policy—especially one that's not well executed. Read on to learn nine tips
to improve enforcement of the terms of your collections policy.
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