JamesW6 (Texas)
Posts: 1
Posts: 1
Posted:
Hey everyone,
I'm in a new housing development with 1,500 houses and have just been elected to serve on the three member board.
We have over $100,000 in delinquent payments ( I would guess somewhere around 30% of our homes are behind with an average of around 200 dollars or so per house ).
Does anyone have any advice on *successful* collection strategies or schedules? ( Liens, collection agencies, funding drives? ) I also would like to know if there are any web resources about HOA's ( what's a normal reserve amount we should aim for? )
Basically, there's very little homeowner involvement in the HOA, which we need to change, and we also need to make people pay their dues for the HOA to even be slightly effective.
Any advice or reading material on how to increase Homeowner involvement or on collections or community initiatives would be helpful.
Thanks,
Brookfield.
I'm in a new housing development with 1,500 houses and have just been elected to serve on the three member board.
We have over $100,000 in delinquent payments ( I would guess somewhere around 30% of our homes are behind with an average of around 200 dollars or so per house ).
Does anyone have any advice on *successful* collection strategies or schedules? ( Liens, collection agencies, funding drives? ) I also would like to know if there are any web resources about HOA's ( what's a normal reserve amount we should aim for? )
Basically, there's very little homeowner involvement in the HOA, which we need to change, and we also need to make people pay their dues for the HOA to even be slightly effective.
Any advice or reading material on how to increase Homeowner involvement or on collections or community initiatives would be helpful.
Thanks,
Brookfield.