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MISTAKE #4: OFFERING LIMITED
PAYMENT OPTIONS
To help residents make regular payments on time without issue, equip them
with plenty of options. Consider allowing payments by:
• Check. This tried-and-true physical method of payment is ideal for
some residents.
• Bank draft. A set-it-and-forget-it option, residents may allow the HOA
to draw payments directly from their bank accounts.
• Online. Residents who value convenience appreciate the opportunity
to pay anytime and from anywhere.
This way, homeowners are more likely to keep up with assessments and
avoid the collections process altogether.
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