Ebooks

8 Collections Mistakes That Could Cost You Big

Issue link: https://hub.associaonline.com/i/1543414

Contents of this Issue

Navigation

Page 4 of 12

5 MISTAKE #3: FAILING TO COMMUNICATE The steps of your association's collections process need to be communicated clearly to homeowners. Use special education sessions and board meetings to educate them on the key aspects of the process and consequences for non-compliance. Make sure that instructions are clear and carefully walk through the timeline of actions and steps for collections, so there are no surprises. Educate residents by advising them on: • Where to find the collections policy • Contact information for questions or concerns • How to submit a late payment • What happens if past-due payments aren't received in time 2 3 4 5 6 7 8 9 10 11 12

Articles in this issue

Links on this page

view archives of Ebooks - 8 Collections Mistakes That Could Cost You Big