Peter J.
No HOA reserves ($0). Time to sell?
Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
Kelley B.
Found another reason folks don't like condos
Two days before closing my lender advises that neither FNMA nor FMMC would buy my loan. Only financing 70% of appraised value. 81 of the 86 units are non owner-occupied so they didn't want it. Non-warrantable.Of cours...
John Smeltzer
HOA Rule Change to Disallow Rentals
Hi - Looking for some feedback. Four years ago I purchased a condo in an HOA community. We bought it for relatives to live in.
Within two years of purchasing, the HOA Board put out a vote to disallow rentals and th...
Mo Thomas
5 condo deal
I am purchasing 5 condos at $16000 a piece. Total price 81,000. Four 2 bedrooms and One 1 bedroom. 2 bedrooms rent for 650 and the one bedroom will rent for 500. HOA is $159 a piece include water, sewer and tra...
Terry Lao
Prop management wants rents assign Section 8 rents, can I say no?
Recently new property management (Jul'17) want me to assign Section 8 rents directly to property management company. I have been receiving Section 8 rents direct deposit to my bank account for past 3 years, and sendin...
Uday Raju
HOA - recreational vechile voilation
Hi All,
This is my first property as condo and I have a tenant placed, I am receiving multiple violation letters from HOA board. Its becoming stressful and also given in this unprecedent times.
1) first violation ab...
Paul G.
Dispute with HOA Board over Renter Noise
OK so, I'll try to condense this into a relatively short story. Please keep your "that's why I don't buy condo's, that's why HOAs suck, etc to yourself" lol. This is my first bad experience with an HOA in 5 years.I ...
Mike Czarnik
hoa board has imposed rules and regulations.
our board came new rules and regulations without a vote of the association members. One of the new rules said the no political signs can be displayed is all this even legal ?
Anthony Henderson
HOA BOARD DIRECTORS Contact Them Property Mnmgt
Hello!
How do you guys find HOA board members information?
I have mailers that go out with information about handy mans etc and I wanted to know if people used a website or title etc?
Any help is appreciated.
Jennifer North
can HOA board create transferable, permanent lease
A number of units in out condo building in Wisconsin do not have deeded parking spaces. Recently a unit owner noticed no one was parking in a space and it was discovered that this one space was never designated or co...