LAKE WORTH, FL, -- In an effort to give back to the community, Associated Property Management (APM) has decided to provide Pro Bono (free) management assistance to small (up to 50 units in size) associations in Palm Beach County. Associations will need to demonstrate that they are in distress and in need of assistance in order to qualify for this program.
APM will provide management assistance to these associations that will consist of free bookkeeping and collection services, free administrative services, free community website and free unlimited management consulting services for one year from all staff members of APM. (The association will reimburse APM for copies, envelopes and postage.)
Pro Bono Management Assistance by APM will provide an association with some relief from the current foreclosure crisis which has hit associations in Palm Beach County extremely hard. Most associations, no matter what their size, have experienced lower than budgeted operating incomes, higher collection costs, and in many cases, have had to have special assessments to make up for these cash flow problems.
Smaller associations, based on higher percentages, are experiencing even more difficulty than larger associations when an owner stops paying their assessments. High delinquencies put a severe financial strain on an association and its owners who are paying their assessments. Pro Bono Management Assistance by APM should help those associations that need to reduce their overhead in order to combat lower incomes.
