Is Your Condo or HOA Prepared? How Community Associations Can Recover in the New Economy

by Axela Technologies, Inc
305-392-0389 • www.axela-tech.com
1401 Brickell Ave., Suite 320
Miami, FL 33131

With everyone sheltering in place, the Coronavirus pandemic has already pushed the country into a recession. Economists don’t know how long it will take to recover, but we know it will take a lot of hard work to get back to ‘business as usual’.

Community associations are already beginning to feel the effects of the recession with homeowners in financial crisis opting not to pay association fees, and this trend looks like it will get worse before it gets better. And with foreclosures on temporary deferment during the shutdown, the typical methods communities use to collect are unavailable.

But there is hope for communities to navigate this new recession economy. Community associations are one of the few industries that can successfully weather economic depression. You just need to know what tools to leverage to keep the budget healthy.

The new white paper, After the Pandemic, explores the options that are available to community associations and reveals what actions you can take to not just protect your community, but to thrive in the new recession economy we are facing.

Download the White paper, “After the Pandemic: How Community Associations Can Recover in the New Economy” today!

Tags: Accounting & Taxes, Condo and HOA Accounting, Condo and HOA Collections, Members Articles