COMMUNITY RECOVERY ADVISORS
Stabilizing Associations by strengthening their financial health
About Community Recovery Advisors
Our Mission
At Community Recovery Advisors, we strive to empower Associations by focusing on proactively recovering funds, reducing costs and stepping in as a receiver when needed in order to strengthen reserves, reduce financial strain and protect and maintain the property's values.
Stabilizing Associations
Financial Analysis & Recovery
We perform an in-depth review of all community expenses, identify overcharges, errors and misapplied funds to execute recovery. No up-front costs to association. 50% of all refunds and recoveries are directly applied to Associations' Reserves.
Receivership Services
Court approved management of vacant or defaulting units and full community receivership to stabilize Associations in financial or operational distress. A receiver is “a person appointed by the court to take control, custody, or management of property involved in litigation and to preserve the property, and receive rents, issues and profits.”
Governance & Restructuring
We assist Associations
-REVERSE ENGINEERING Condominiums into HOAs where legally and financially viable to allow more financing options, reduce maintenance fees and increase the value of your property. -ASSOCIATION COLLAPSING when financial obligations are out of control and recovery is unattainable.
Collaborative Work
We work hand-in-hand with your Property Management, Attorneys, Accountants and Board Members to ensure the Association's success.
