Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Scott Donnelly
0
Votes |
5
Posts

HOA Fees - One Unit not paying as payment for self-management

Scott Donnelly
Posted

Hi - First time poster, but read quite a bit and listen to podcasts. Have a question for the experts. Strange situation here. We are relatively new owners in an HOA in NH. What we have recently realized via an examination of the HOA's finances is that one unit appears to not be paying any HOA fees, and have not for at least a year. The owners of this unit act at the President and Secretary of the HOA, and are essentially taking what they should owe in HOA fees as their payment. This arrangement was not disclosed to any new owners, and was not mentioned during the first meeting of the HOA that included new members. The owners of this unit have also recently proposed a monthly fee increase to grow reserves, address repairs. While it is possible they inherited this arrangement, what does everyone think of this? In reviewing the condo bylaws, it specifically states that no member may take payment whatsoever for acting as an HOA officer. Thoughts? Ethics, etc?

Loading replies...