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Condo Association falling apart? What to do?
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Home away from home
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I am one of two people still involved with my condo association's Board, and feel the Board - and resident owners, such as myself - are loosing the ability to manage the building. We hired a managing company 2 years ago who came recommended for it's ability to "turn" poorly managed buildings around (our previous management company being the group that bought the building from the bankrupt original sponsor, and proceeded to mis-manage it and run it as it's own cash cow); however I'm coming to the conclusion they need a stronger hand on our part to help the association effectively.
The biggest problem IMO is the majority of the units are not owner occupied, the investor-owners only care about collecting their rent, and make no effort to get their tenants to obey the house Rules. The premises are looking worse by the day, and we haven't had an ownership meeting in 3 years - the absentee landlords having no interest in participating. Are there HOA groups in JC I might join or reach out to? Where can I begin reading up on other types of ownership structures? And of course, any advice from your personal experience would be appreciated!
Posted on: 2015/5/27 14:23
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