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Be careful what you sign...
We have finally given notice to our existing management co. where our condo is located.
We have selected another one. The one we have now is pretty sad. It gets a one star rating out of 5 in the reviews. The man. co is very big in North Am. I am not willing to disclose which it is until our contract is over this fall. We ended up having them because our previous man. co was taken over by the pos co. If anybody is involved in looking at a new man. co for their building pm me so you can avoid this co. They like to take your $$$ but don't like to do a good job. Not only that but our $$ were in trust. With our new man. co we will be signing our own cheques at monthly meetings. We spent some time and $$$ with a condo lawyer. We told him why we wanted to change and he had our full support. Some of us on the Board smelt a rat and now we breathe easier. Thanks for listening. Guy |
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05-18-2015, 03:50 AM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,314
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I don't know what the hell you just said but all the best to you.
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1983 SC Coupe 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII |
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05-18-2015, 05:32 AM
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Get off my lawn!
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Quote:
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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05-18-2015, 05:37 AM
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Too big to fail
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There's always money in the banana stand.
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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05-18-2015, 05:39 AM
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Registered
Join Date: Apr 2013
Location: Nevada City, Ca
Posts: 2,210
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I had a management company tending to a triplex I own. They were bulldogs collecting the rent but very bad at getting new tenants. Now, I do it myself.
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05-18-2015, 05:53 AM
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[QUOTE=Bugsinrugs;8627428]I had a management company tending to a triplex I own. They were bulldogs collecting the rent but very bad at getting new tenants. Now, I do it myself.[/QUOTE
I think you are smart to do that. I personally collect rent from our tenants . Being on the Board we interface between the owners and the management co. The management co. collects the condo fees, pays all the bills, does the accounting etc for a fee per month. The changes we get with the new man. co is that we don't want in trust. This way our reserve fund, cheque signing are much more visible. Accountability and transparency are paramount. Cheers, Guy |
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05-18-2015, 06:21 AM
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Lexus RX350
Carrera
