Red Rock Financial Services Saved Rossmar & Graham Community Associations Over $1.38M in One Year
(PRWEB) November 21, 2012
Red Rock Financial Services acts as the collection agency for 164 of the 400 community associations served by Rossmar & Graham and in one year, Red Rock Financial Services saved these associations $1.38M. The cost savings is a direct result of Red Rock Financial Services’ business model in which they provide community association collection services at no cost to the association.
Prior to partnering with Red Rock Financial Services, some of the community associations managed by Rossmar & Graham maintained their own collection services but many used attorneys for the collection of delinquent assessments. As such, these associations incurred attorney’s fees which in turn negatively impacted their budgets. Rossmar & Graham did an assessment of the projected budgets of the 164 community associations partnered with Red Rock Financial Services and based on the projected yearly collection costs versus actual costs at year end, Rossmar & Graham calculated that in one year, Red Rock Financial Services saved these 164 community associations a total of $1.38M.
In addition to the savings to the associations, Red Rock Financial Services successfully collected $2.26M in delinquent assessments, on behalf of these associations.
Red Rock Financial Services, the national leader in community association collection services, serves as the collections company for a large portion of the community associations managed by First Service Residential Management (FSR) partner, Rossmar & Graham. Rossmar & Graham serves over 400 community associations throughout Arizona and 164 of these associations are contracted with Red Rock Financial Services.
Red Rock Financial Services is fully licensed in the state of Arizona to provide collection services to community associations through the judicial foreclosure process. Red Rock Financial Services is also qualified and licensed to provide collection services in the states on Florida, Nevada, Texas, and Utah, in accordance with state laws. With vast experience in collecting assessments for common-interest communities and a strong focus on customer service and client relations, Red Rock Financial Services is the national leader in community association collection services. Red Rock Financial Services treats all collection customers with dignity and respect and provides all collection services at no cost, with no up-front fees to the association.
About Red Rock Financial Services
Red Rock Financial Servicesis a nationwide, fully licensed collection agency providing services exclusively to community associations to assist them with their unique needs. Services include obtaining past due assessments, fines and other fees for homeowner associations while maintaining a strong focus on customer service and client relations.
Red Rock Financial Services also provides clients access to secure, web-based reporting tools. Visit http://www.rrfs.com for more information.
Red Rock Financial Services is a subsidiary of FirstService Residential Management (FSR). FSR is the largest manager of residential communities in North America, overseeing more than 5,600 properties and over 1.3 million residential units.
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