Owner Accounts: Open Balances, Late Fees & the Collection Rate
This lesson is part of the course
In this lesson
You calculate open balances per unit, apply a late fee only after the grace period, and measure the collection rate and the share of dues that are seriously overdue.
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Lessons in this course
- Unit Shares & Monthly Dues: Splitting the Budget by Floor Area Locked
- The Operating Budget: Inflating Line Items, Contingency & the Total Increase Locked
- The Reserve Component List: Useful Life, Remaining Life & Future Cost Locked
- Fully Funded Balance & Percent Funded: How Healthy Is the Reserve? Locked
- A 15-Year Reserve Cash-Flow Plan: Growing Contributions, Big Projects & the Low Point Locked
- Closing a Funding Gap: Special Assessment vs Association Loan Locked
- Owner Accounts: Open Balances, Late Fees & the Collection Rate Locked
- Capstone: Next Year's Budget Package – New Dues per Unit and a Chart Locked