More than 60 attendees at a free seminar for condominium/co-op/homeowner association Boards of Directors and property managers were treated to a rare combination of information, tips, insight and even an occasional bit of humor.

Regent Bank Senior Vice President Dawn Calder began by giving an overview of what banks look for when considering financing for a condominium, co-op or homeowner  association.  She outlined the financial and non-financial documentation that will help an association present a strong picture to the lender, and answered specific questions from participants.

Mark Gerstle, C.P.A., Gerstle, Rosen & Goldenberg, P.A., discussed how associations' finances can be best organized, and reviewed financial statements, bad debts and reserves.  Mark focused on cash flow, funding of replacement projects and best practices in accounting from the association's perspective.

Alan Chester, Advanced Insurance Underwriters, LLC, focused on the cost of insurance for associations, trends in coverage and the latest on insurance providers in Florida.  Alan talked about mitigation with respect to buildings, co-insurance and flood insurance.  He gave real-life examples and recommendations on this important topic for all types of associations.

Louis Caplan, Esq., Sachs Sax Caplan, Attorneys at Law addressed the legal and practical aspects of the collection and foreclosure process.  He gave five tips for associations to maximize the collection process with illustrations to highlight best practices.

Attendees agreed that the information will help them improve the management of their association finances to maximize their funds.  Additional seminars are being planned.  Watch the Regent Bank website for details.