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The right move at the right time

July 11th, 2022 at 11:43 am

Once again I realize that everything came together at exactly the right time for me. I think I mentioned how my neighbor got in contact with me to get the statements for our closed homeowners association accounts. They were closed when they fired the management company after they realized that they were paying other HOAs expenses from our accounts. They initially said that we would have to pay $850 for the statement, but after repeated requests for an invoice they just gave them to me when I stopped in this Friday. Hallelujah! That's an expense that the HOA couldn't afford. 

After work yesterday I met my neighbor to hand over the statements. He says it's been a nightmare & he's telling them that he's stepping down at the next HOA meeting. I don't know how I last over a decade as an officer. He's been on the board for less than 2 years. It will be 2 years that he bought his condo in December.

They are battling both roof leaks & termites. I asked him where the termites were & he told me that my unit was one of the units infested! Several years back my neighbor 3 doors down had an infestation, but I've never had an issue. He said that you could barely open your door this year when they were swarming in May. They are the aerial termites.

I am so thankful that I sold when I did. I don't think I will ever buy into a condo association. Having to get dozen of owners to come to a consensus before you can take care of your property is a struggle that I won't miss. I had one owner tell me that he was voting no on a dues increase because he couldn't afford it. Understandable, but I had already explained to him that we could not maintain out property without a dues increase. Dealing with people who actually couldn't afford to own their homes is not a good situation. It seemed to happen fairly often even though the condos were very affordable. We also had a high tenant to owners ratio which is another negative.

Looking back, selling whe I did was absolutely the right decision.

2 Responses to “The right move at the right time”

  1. Wink Says:

    It's interesting that my own experience living in my condo for over 5 years now has been the exact opposite of yours. So far, it has been one of the best decisions I have made. It is very well run, all of the finances are very transparent to all the owners, problems are minimal, and upkeep and maintenance are excellent. Renting is prohibited so all units are owner occupied. Since I have been here the monthly HOA fee was only increased one time, for $5 a month. I guess each particular condo community is very different. I'm glad you found a much better living situation that is working great for you!

  2. LivingAlmostLarge Says:

    It always happens that way. Our first condo was large association about 150 units in Southern California. DH was on the board and he learned a lot from our experience (in our 20s). The association hadn't been paid by one particular unit and the landlord had hired a shyster property manager who was supposed to be paying the HOA but hadn't for 2 years while the guy was deployed overseas. When they finally found him by hiring a private investigator and then filing a lien against him he was shocked and pissed. By then his property manager had gone AWOL with his money.

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