Stories written by Mitch Drimmer
Mitch Drimmer is a licensed CAM and is the Vice President of Association Financial Services, an accredited collection agency, specialty finance, business process outsourcing, and specializing in community associations. For more information, visit http://afslc.com or tel. 305-677-0022x 804 or email mdrimmer@afslc.com

Everything you wanted to know about collections – but didn’t ask!

MITCH DRIMMER, CAM

Boards of directors, managers, and even attorneys in Florida are more confused today about the complexities of community association collections than ever before. So how should an association approach the problem and devise the right solution? There’s so much disparity in opinions given by association attorneys regarding collections that boards need to first establish a […]

Associations improve cash flow by renting out units

Mitch Drimmer, CAM

Has it been too long since you’ve last seen a payment for a particular unit or, in many cases, a group of units in your condo or HOA? These units should not be classified simply as “delinquent” but, more importantly, as “non-performing.” This inventory should be producing revenue for your association, and the only way […]

Upgrade your community with new CAM education

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Most condominium and homeowner associations are managed by a licensed manager, either through a management company, or individually-managed. Such managers are the “CEO” of the association, and although answerable to a board of directors, each must be licensed and should be well-versed in attendant responsibilities. Florida requires community association managers to be licensed by the […]

What are PUD & condo riders … and how are they best used?

MITCH DRIMMER, CAM

Do you know what a rider in a PUD (Planned Unit Development) or a condominium contract is? Riders are a part of the ownership document when a unit is purchased in a community with a condominium or homeowner association. Riders give community associations the right to notify a bank when an owner has stopped paying […]

Upgrade your community with new CAM education

MITCH DRIMMER, CAM

Most condominium and homeowner associations are managed by a licensed manager, either through a management company, or individually-managed. Such managers are the “CEO” of the association, and although answerable to a board of directors, each must be licensed and should be well-versed in attendant responsibilities. Florida requires community association managers to be licensed by the […]

The three phases of a delinquent unit’s life

Collections of delinquent maintenance fees for community associations have unfortunately become a reality these days, a process that can be broken down into three distinct phases: (1) Action when a unit owner misses paymenment; (2) The nitty-gritty of collection; (3) How delinquency is resolved. Step one is making contact with the delinquent unit owner in […]

Community Association Beat

I am honored to have been asked to serve as a columnist for Community Newspapers to share important and topical information about South Florida community associations. My column will specifically address business issues related to condominium and homeowner associations (HOA). Running an association is a complicated and difficult task, often thrust upon well-meaning residents who […]

What Ass’n Should Expect from Collection Solutions…

Before the real estate meltdown five years ago, community associations really had it easy when it came to collections. When a unit stopped paying maintenance fees, chances were likely the owner was not paying the mortgage, and condo associations and HOAs could depend on the banks to advance any collection process by foreclosing the unit, […]

Setting Uniform Collection Policy for Condos, HOAS

Condos and HOAs have been plagued with owners not paying their dues to the association. This has always been a problem but it has not become a crisis until the last five years when delinquency rates have soared. Before the meltdown the banks were the first to act and the problem was often solved by […]

Condos and HOAs can recover their money after bank foreclosure

The real estate meltdown has so confounded everyone in the community association industry that opportunities are being missed and money squandered. Consider this scenario: At your condo’s board meeting your community association manager is sharing some good news and some bad news. The good news is that after 3 years the bank has finally foreclosed […]