Managing in the Economic Downturn Doing More with Less Becoming the Norm

Job losses.

Bankruptcies.

Foreclosures.

These are tough times for everyone, but when homeowners fall on hard times, they are often late paying condo fees. Some can’t even afford to pay them at all.

Add in to the equation contractors who have gone out of business or boards that are reluctant to spend money on repair and other capital expense projects, and it can be a rough time to be in the property management industry.

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