RobertD1 (California)
Posts: 4
Posts: 4
Posted:
We are located in Southern California (Carlsbad). Our association only has 16 units and our management company really does not do much for us, in my opinion ( I am still trying to get them to send me a copy of our contract). They pretty much handle our money, pay our bills, and eventually get quotes for repairs.
They sent us a 2006 budget for approval very late, ended up approving it themselves, and sent a letter to the homeowners stating it was approved by the Board. It was not. A reserve study has not been conducted since 2002.
Our MC just raised their fee by 40% and our President OK’d it without letting any of the other owners or board members know. They also wanted to raise our monthly dues by 25% in just over a year.
I, ( I ), did some work on the budget, showed our MC company where they could save us some money and then they said I was right and there is too much “fat” in their budget.
Is this par for the “MC” course? Is there another way to manage that is more cost efficient? After all, we are doing the work and they are paying our bills…Bank of America could do that with “Bill Pay” for much less.
They sent us a 2006 budget for approval very late, ended up approving it themselves, and sent a letter to the homeowners stating it was approved by the Board. It was not. A reserve study has not been conducted since 2002.
Our MC just raised their fee by 40% and our President OK’d it without letting any of the other owners or board members know. They also wanted to raise our monthly dues by 25% in just over a year.
I, ( I ), did some work on the budget, showed our MC company where they could save us some money and then they said I was right and there is too much “fat” in their budget.
Is this par for the “MC” course? Is there another way to manage that is more cost efficient? After all, we are doing the work and they are paying our bills…Bank of America could do that with “Bill Pay” for much less.