))
Collecting Late Fees: A 3-Step Strategy for Co-ops and Condos
Manage episode 471238466 series 3534645
Content provided by Habitat Magazine. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Habitat Magazine or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Discover how proper management of maintenance payments and common charges directly impacts your building's financial stability. Payments are typically considered late after the 10th of each month, with property management companies using software platforms like AppFolio to track payment patterns and identify potential issues.
For board members navigating the tension between neighborly relationships and financial responsibility, remember that timely payments are fundamental to operational success. Trust your managing agent's recommendations on collections, as that ensures utilities stay on and vendors get paid promptly.
Carol Ott of Habitat Magazine conducts the interview with Adam Reisman, President of Client Operations at MD Squared Property Group.
How To Run Your Building: For Co-ops and Condos
55 episodes
Share
