Net Income/Loss & Retained Earnings

Questions arise from HOA boards about Net Income/Loss and Retained Earnings as found on their monthly financials. Net Income is the total of excess income over expenses, while Net Loss is the excess expenses over income.   Retained Earnings, by definition, is the balance of net income less losses over the years the association has…

Delinquencies and the Desire to be Neighborly

William Douglas Management has a collections process that was reviewed and structured by attorneys who specialize in HOA collections. Because of the harsh consequences for violating one of the vast and complicated collection statutes, this approved collection process is necessary to protect our client associations and our company.   One of the many challenges of…