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STAY AGGRESSIVE...
By
Rafael Aquino
Published March 9, 2022
Staying on top of your association receivable
should always be top of mind for any Board Member, especially the
Treasurer. It's easy to forget what we all went through in 2008 and
years after that. However, it's imperative that we understand, at
some point, the party will end. As such, this is not the time to
loosen your collection policies but more of a time to get back into
a rhythm that aligns with your association documents collection
practice.
As Eric mentioned on Monday, things have changed
in the collection process, and the law has allowed owners more time
than is necessary. Further, you can expect the owner to push back on
liens or foreclosure if the association didn't follow the proper
steps, so make sure you dot your I's and cross your T's. It is just
as vital that you work with an association attorney specializing in
our field because if they don't, you can find yourself on the wrong
side of the case.
In my opinion, the next few months will give us
an idea of what we can expect to come. We are seeing specific
associations' receivables starting to slip and advising our clients
to stay aggressive in the collection process. The last thing we want
is to get comfortable, and something big hits, and before you know
it, you have a delinquency rate that can spiral out of control.
I highly recommend you get a baseline on your AR
based on the past few months, and you monitor it every month moving
forward. It's better to be prepared, and nothing significant
happens, than to be blindsided by a potential correction.
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As the Co-Founder and CEO
of Affinity Management Services, Rafael P. Aquino leads his team to
redefine excellence. They serve community associations
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and effectively with
dedication and passion. Rafael’s energy and positive
spirit is the foundation of Affinity Management
Services’ company culture, which instills enthusiasm and
excitement when providing expert advice to its board
members and relieving the day-to-day burdens of running
a community association.
Since 2007, Rafael has
developed a work culture that values responsive and
high-quality services. He has led his team by following
a proactive vs reactive philosophy. The same approach
Rafael instills in the day to day operations of each
association. Today, Affinity Management Services
maintains its success and benefits as a result of the
foundation Rafael has built and continues to foster by
providing educational seminars, continuing education
classes for association managers and board members
alike.
Rafael and his team help condominium and homeowners’
associations save money and improve their communities.
His calm, personable, and service-oriented nature helps
him to establish strong relationships with ease. Rafael
is known as a sincere and honest leader who looks out
for the best interests of his clients and communities,
and he strongly advocates for their needs. His role
requires coordination and communication, as such he
takes logical and intelligent steps to approach
challenges head-on.
As a graduate of Florida International University’s
electrical engineering program and a licensed community
association manager, Rafael’s education and skills equip
him with unique insights to tackle complex problems
through critical thinking. He understands how each
component within a system works together in order to
effectively arrive at solutions, techniques, and
conclusions. Therefore, as he manages the multiple
challenges of running a community association management
company, he understands how each property is its own
unique system and tailors’ specific services to assure
that all their needs are met.
For more information about Rafael P. Aquino and Affinity
Management Services please visit
www.ManagedByAffinity.com or call 1-800-977-6279
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Doral Office: 8200 NW 41st ST
Suite 200
Doral, FL 33166
Broward Office: 150 S Pine Island RD Suite 300
Plantation, FL 33324
O: 800-977-6279 ● F: 305-325-4053
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