May is a month of collection opportunities for associations. Most associations suspend pool privileges for those unit owners who are delinquent in paying their assessments. Therefore, associations tend to experience a surge of unit owners seeking to remit payments prior to Memorial Day weekend, when most pools open.
Associations should provide their attorney with a current delinquency report, so collection letters can be sent to the delinquent owners; this should prompt a quick response from unit owners who want to utilize the pool facilities this summer. It is important for Boards to seize these collection opportunities to bring cash flow to their Association.