If you're going to have a hard time paying assessments, be proactive! If you live in Colorado, if you are struggling or if you are out of work, I make the highest recommendation that you call your HOA management company and get on a payment plan as soon as you can! what does a payment plan do? one: it stops you from being escalated to any type of collection agency or Law Firm for additional Collections and if a community is Using a tool that reports to the Credit Agencies, good and bad credit, it will stop the credit reporting as well. So the compassionate side of this is to try and get out to every one of our community members and let them know if you're going to have a hard time paying assessments be proactive! we will do, what is necessary to try and help you through this process. And that is one tool that is already in effect right now as the law stands that can help you through this process. I think six months is adequate time for us to get through this coronavirus situation and back to business as usual. I really hope that's the case. if this continues to go beyond that— which we really hope that is never going to happen. We will continue to search for additional relief efforts for our customers and our clients, but for right now, I think that's probably the best case scenario for every Community member that is going to struggle whether you lost a job or this is going to affect your income. or You're going to have a hard time paying your HOA assessments. if you can pay your HOA assessments, pay your HOA assessments! It is a legal responsibility in the governing documents, specifically the Declaration for your Association. This is not going to be forgiven and putting it out further is only going to increase the monthly amount that you will need to pay at some time in the future. So I cannot stress enough how important it is to stay current with your assessment. So it will keep your Association running and it will make sure that your Association is Able to meet its Financial Obligations to its contractors, contracts, service providers, Etc. with that— I'm going to go ahead and log off. Again, My name is James phifer, president with accu and I'll be coming out with as many updates as I can through this process. So until next time thank you! coronavirus update. I am still working from home working remotely came up to my office this afternoon and set up a desk for both myself and my girlfriend to work from. I'm not used to having a boss, but I was not given an option. On which side of the desk I wanted I’m also not used to having a workmate because the eating of the chips as loudly as that's happening is not something I've become accustomed to my current position. So—[laughing]
week two of work from home seems to be a struggle. I’m looking forward to getting back to my regular lifestyle.
[laughter]