Property manager sees improvement

Homeowners associations that were wracked by delinquencies during the real estate bust are seeing some improvements at last.

“I think we're past the bottom,” says Robert White, co-founder and managing director of KW Property Management & Consulting. “In pretty much all of our markets, the associations are getting much more financially stable.”

The Miami-based property management firm manages about 7,000 units on the Gulf Coast, including Tampa and Naples.

White says lower delinquencies are a result of improving economic conditions combined with more aggressive boards pursuing delinquent homeowners.

“The forecasting for bad-debt expense has been declining,” he adds.

On the West Coast, the recovery is more pronounced in Naples.

“It seems like Naples and the East Coast are a bit better off than Tampa and Orlando,” says White.