Association Financial Services Saves Palm Beach County Association by Increasing Cash Receipts

A recent analysis of the association at the Land of the Presidents in West Palm Beach indicated that its monthly cash receipts increased by $178,000 within three months of retaining Association Financial.

"As we all know, these are very difficult times for condominium associations," said Ken Arnold, CEO. "We bring a disciplined approach to the accounts receivable and collections process, in addition to specialized tools and unique ideas, which result in our associations achieving better financial health."

Association Financial offers associations a variety of services that include:

• Accounts receivable servicing that provides associations with a disciplined approach to billing and collections
• Availability of an interest-free cash advance.
• A "master rental receivership program" which involves judges putting multiple units in an association under the purview of one receiver, who is charged with collecting rental income, and then forwarding the amounts due to the association
• Financial management, accounting, bookkeeping services

"Based on the needs of the community, we develop a customized financial management plan that will result in enhanced financial health," he said.

"The goal is to make sure that all owners are contributing to the upkeep of the community and to avoid situations where good paying residents are subsidizing those who aren't honoring their obligations to pay assessments."

For more information on Association Financial Services, visit www.associationfinancial.com or call 305-677-0022.

About Association Financial Services

Association Financial Services, L.C. (AFS) specializes in providing financial services for condominium and homeowner associations. AFS's services included: Accounts Receivable Plus - accounts receivable that produces real results, Accounts Receivable Advance - an interest free line of credit against the association's past due balance, Write-Off Recovery - the ability for associations to collect funds that were written off due to State Statute, UARP - an effective Uniform Accounts Receivable Policy , and Financial Management, Accounting and Bookkeeping services. AFS's suite of services provide for more effective property management, more efficient budgeting, reduced costs to the good paying owners, better financial management controls, better Board/Owner/Manager relations, and improved owner satisfaction.

AFS currently provides financial services to community association clients throughout Florida.

Reeves Laverdure Public Relations
Media Contact: David Reeves, 561-391-8717
dreeves@reevespr.com
or
Association Financial Services, L.C.
Corporate Contact: Ken Arnold, CEO, 305-677-0022 x801
karnold@afslc.com