Associations appreciate being able to pursue HOA collections without having to worry about the $20,000 to $40,000 in collection and attorney costs and the impact it will have on their operating budgets. It really makes a difference.
Scottsdale, AZ (Vocus/PRWEB) March 14, 2011
Rossmar & Graham, Arizona's largest and most experienced full-service HOA management firm, now offers “no cost” HOA collections services through Red Rock Financial Services, its sister company, to the associations it manages. This program significantly frees up cash flow so that associations can pay their bills and continue to function properly. Red Rock Financial Services receives its fee directly from the delinquent homeowner.
When asked what impact this will have on Rossmar & Graham’s clients, Jason Proudfit, the company’s chief financial officer, explained, “Homeowners not paying their assessments creates a problem for associations in that they do not have the revenue to pay their bills. In addition, they have to spend the money they do have on collections services before any money has been collected. This common practice hurts associations because the boards aren't able to properly maintain their communities.”
This unique service offering by an HOA management company raises the bar on the services community associations can expect in the Valley. Rossmar & Graham’s president, Jim Hanley, shared that in Nevada, where this service has been offered for three years, the results have been outstanding. “Associations appreciate being able to pursue collections without having to worry about the $20,000 to $40,000 in collection and attorney costs and the impact it will have on their operating budgets. It really makes a difference,” Hanley said.
Anyone interested should contact Rossmar & Graham at (480) 551-4301, or visit http://www.rossmar.com/why-rossmar/innovative-services/no-cost-collections for more information.
About Rossmar & Graham:
Founded in 1968, Rossmar & Graham Community Association Management Company manages nearly 400 communities in Arizona, representing in excess of 100,000 homes. Rossmar & Graham has been ranked the number one community association management company for the past four consecutive years by both the Phoenix Business Journal and Ranking Arizona. Communities managed include HOAs and condominiums, lifestyle/master planned/active adult, high-rise and luxury, and commercial. Rossmar & Graham is part of FirstService Residential Management. FirstService Residential Management is a subsidiary of FirstService Corporation (NASDAQ: FSRV, TSX: FSV), a global diversified leader in the rapidly growing real estate services sector. Further information may be obtained at http://www.firstservice.com.