Staying on Track with Your HOA Payments: How to Catch Up and Stay Current

Did you know that Dobson Ranch bills homeowners quarterly?

That means you receive a bill four times a year for your HOA assessment.

Here’s how quarterly works:

• First payment: Due January 30

• Second payment: Due April 30

• Third payment: Due July 30

• Fourth payment: Due October 30

Many homeowners prefer to break these quarterly payments into smaller monthly amounts, which is perfectly fine. But here’s the problem: some are waiting until just before the next quarterly due date to pay off their balance. This means their payments are considered late and subject to late fees.

Why is this an issue?

Quarterly payments are due in full by the due date. If you’re paying monthly but not completing the full amount before the due date, your account is marked late.

What can monthly assessment payers do to fix this?

IMPORTANT: In January of 2025, you’ll need to pay the full first quarter amount by January 30 to get back on track. After that, you can continue with your monthly payments. This way, your monthly payments will line up with the quarterly due dates, and you’ll stay current.

Here’s an example:

Let’s say your quarterly balance is $167.74.

1. Step 1: Pay $167.74 in full by January 30. This covers your first-quarter bill.

2. Step 2: Start paying $55.91 each month after that ($167.74 ÷ 3 months).

• February: $55.91

• March: $55.91

• April: $55.91 (you’ll complete the second quarter amount before April 30).

Why this works: By paying the full first quarter upfront, you’ll catch up. Then, your monthly payments will cover each quarter before its due date, and you’ll never fall behind again.

If you have questions or need help figuring out your payments, contact the Dobson Ranch office at (480) 831-8314 or hoa.admin@dobsonranch.com

REMEMBER: We’re here to help!