By Rafael Aquino

Published August 5, 2020  


As the budget season comes upon us, it’s very important that management, the board, and its committees prepare for the potential financial impacts that could arise in the following year.  As mentioned in previous blogs, associations haven't seen the real economic implications of this pandemic yet. 


As per the Florida DEO, we know that unemployment numbers in Florida did drop from 13.7% in April to 10.4% in May.  While this is a significant drop, we aren't out in the clear yet.  When you look back at the unemployment numbers of prior downturns, the current percentage is the same as the great recession (2007 - 2010.) What does all this mean for associations?


Managers and boards alike must prepare and plan for the impact and how you will compensate for 2021. Discussions need to be had about adding a Bad Debit line item to the proposed budget.  This Bad Debit line item will be a percentage of the units you believe will not pay their maintenance fees. Further, a keen eye needs to be on the AR and those units which are starting to fall behind.  You should know what units are rented?  Will you be able to collect the rent if the owner stops paying? How will the new stimulus package impact the collection of assessments, delinquent units that are rented, etc.?


Don't wait till things get ugly for your board to react.  Now is the time to have real discussions with your team, so you are prepared to navigate through these waters. If there was ever a time to create strong partnerships (management, CPA, attorney, etc.), it is now. "Prepare for the unknown by studying how others in the past have coped with the unforeseeable and the unpredictable." - George S. Patton

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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   efficiently

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 or call 1-800-977-6279

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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