Maybe it is time that the new HOA President looks at the broader economic picture.
The economy is suffering. People are hurting. It's time to look at Venetia's spending practices. Instead of raising dues to include larger legal fees and larger management fees, perhaps it is time to cut costs. We have used lawyers to put liens on our members, to investigate our residents, to support the politics that the association board practices. It would be more prudent to have them look over our contracts so that we don't make more mistakes like the Sammy Mizzel catastrophe, or for violating FASB rules, such as the way in which the street lamps were purchased. For that matter, isn't that something that the management company should be doing? Our Board members don't appear to have the knowledge or experience to be making these decisions. Isn't that why we hired professionals?
With the increase in home foreclosures in Venetia, resulting in decreased revenue, why are we paying the management company to take notes at meetings? The management company is not providing what this neighborhood needs. Either let's use them to manage Venetia, or let them go and cut our costs so we can repair the damages.
Is your Resale Certificate up-to-date?
-
If there is one thing we seem to be able to count on from the Virginia
General Assembly, its frequent amendments to the statutes regarding
association re...
8 years ago
