Check out our latest interview with Chas Ryan, President of CAI Connecticut and partner at Pilicy & Ryan, where we dive into rising fees in community associations and effective strategies for handling delinquencies.

Learn about Connecticut's unique priority lien law and the importance of clear collection policies. Don't miss Chas's valuable advice on communicating fee increases to unit owners.

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Episode Highlights:

✅ The discussion covers the increase in delinquencies in communities due to rising fees and the associated challenges. [00:01:53]

✅ Chas emphasizes the importance of explaining to unit owners that fee increases are necessary due to economic pressures and the lack of alternative funding sources. [00:03:05]

✅ Connecticut's unique priority lien law, which allows communities to get paid ahead of banks for unpaid common charges, is explained. [00:04:10]

✅ The need for a clear collection policy and working with residents to create manageable payment plans is highlighted. [00:05:23]

✅ Chas gives advice on how boards can communicate potential fee increases early to help make them more palatable for unit owners. [00:07:26]

Key Quote:

💡 "Compassion is the key though. Everyone's in it together. And I always tell them, your board members, at least the vast majority of mine are volunteers, not getting paid at all. They're paying the same that you're paying, and so they're in it with you." - Chas Ryan

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