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| Author |
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JaneG
(Georgia)
Posts:4
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| 04/11/2008 12:40 PM |
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I am the HOA president for a community of 64 units outside Atlanta --- four townhome buildings (20 total units) and 2 Loft Buildings (22 units each). We pay $164, recently increased from $157 (a 5% increase to help fund a currently inadequate reserve fund). We make our bills each month for hazard insurance to buildings, exterior maintenance, maintaining gated community access, interior hall cleanings on Loft buildings, landscaping, garbage collection, water to all units and exterior lighting for the garages, parking areas, and common area patio and grill area.
Our reserve fund is slowing improving, and we are carefully creating a timeline for exterior maintenance and have accomplished our paintng timeline thus far --- two townhome buildings last year, exterior to loft buildings (primarily iron work on all brick exterior) and two more townhome buildings to be painted this year.
We have a fully equipped gym in one of the loft buildings for community use, but no pool or tennis courts. Your fee is amazing from my perspective!
Jane |
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GlenL
(Ohio)
Posts:1373
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| 04/11/2008 1:29 PM |
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| Wow, I don't think I've ever seen a post go to five pages before. Not even one about pets. |
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WandaM
(California)
Posts:19
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| 04/11/2008 6:05 PM |
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Hi Roger B it's been a long time.
1.Can the HOA raise you 30% in one year to make up for the 10% shortage they did not charge the previous year?
2. Also dilema...dilema- we were hit with very high retroactive charges because money was mishandled or embezzeled- the thing is the HOA as well as the management company have nothing but vague answers for the home owners as to what happened to the money collected in the past years. We are very disappointed as the grounds remain in very poor shape. We were given excuses such we are in the process of buying and installing new gutters, well the old gutters were etched, cleaned, reglued primed and painted, not a single gutter was replaced.
3. The awnings are ripping apart, the stucco old primer is already broken through and several neighbors now have an interior GYB problem (a powdery residue on their walls because the moister has penetraded through the stucco). My neighbors door and doorjamb are loose due to the powdery residue around frame opening. I am a painting contractor I know. The HOA president told my neighbord the HOA was not responsible and I say how so when the problem began on the outside?.
4. I think we need a competent management company to handle our property, they've had a high turn around of managers in the past 6 years. What can we do about this?
5. As far as the money lost in item 2, we've asked for accounting audit and each time the Tresurer & management company deviates from the topic, which is very irritating. |
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GlenL
(Ohio)
Posts:1373
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| 04/11/2008 9:59 PM |
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Wanda welcome back. Instead of posting here and hijacking this topic, you should start a separate thread to get more responses. As far as the 30% increase goes Davis-Stirling limits the increase to 20% unless the H/O's approve a higher increase. You can check out the entire D-S at: http://www.davis-stirling.com/index.html
They take the law and translate it into understandable English and it is searchable by topic.
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