Monthly Condo Fees Questions

[Barry L Hohstadt]

Hi Folks,

Looking at a condo that has a very attractive price point but the monthly fees are very high. Is it normal to pay a monthly reserves fee on top of the HOA? 910 a month on top of the mortgage would take a big bite out of cash flow as a rental.

Well maintained ocean front complex withnew elevators, large open parking lot. 24/7 on site property management, roaming security. Maint. fees.................$510.00 Reserves....................$340.00 SBA...........................$6.00 LTD CE reserve................$54.00 Total................$910.00 Monthly fees include: Air conditioning, cable, quarterly pest control, trash, hot water, sewer, water, on site property manager, roaming security,maintenance for two pools, beach area, BBQ area, Cabana, lobby, stairs, elevators, parking.