HOA is a Business, not a charity

The Summit's HOA is a business, not a charity. What do I mean by that?

At tonight's monthly board meeting, there was discussion about the $420,449.59 of dues that are over 90 days past-due. That is a LOT of money, when you consider that the dues are $510/house in The Summit.

There never is any discussion about how many homes are current on their dues, and how many are not. In addition to the above amount, $8,908.49 is 30 days past-due, and $17,675.46 is over 60 days.

So, in total, it's $447,033.54. I wonder what a true and complete aging report would look like.

The Board didn't seem too worried about it, because they are "tracking" it.

Comments from the board included "We don't want to put anyone out of his home" and "we're sending letters". 

Several members of the audience disagreed that the board and CAMS are being effective with the collections policy.

The Board of Directors (seven or eight, depending on whether you count Paul Hill's board seat vacated by Dennis Rybicki) did not appear too excited by the idea that they might have to re-examine their efforts and make some changes. They had excuses, but I didn't hear any reasons for the ways they are doing things.

The property manager, Angela Adleman, was absent tonight. 

I commented to the Board, "You just collect it." 

The Board does not have the option of "being nice." It has a fiduciary duty to ALL the homeowners (2,480) to collect the money.

It was actually a pretty pitiful performance by Justin and Vernell, as they avoided taking a hard line to collect $420,000.

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