NilaR (Kansas)
Posts: 49
Posts: 49
Posted:
Hello Fellow HOA Members,
I happened across this website and look forward to learning and sharing with each of you.
Briefly, my HOA background: 8 year HOA member. HOA with 513 homeowners. Dues $230 per month. Age of community 30-35 years. Property manager payroll over $400,000.00 per year. Maintenance provided but has not been done leaving the community in shambles with over $10,000,000.00 (yes, 10 million)unaccounted for, a dead president, self-dealing by board members, a one million dollar loan, six pending lawsuits, a recent lawsuit that set a national precedent for violation of the Kansas Consumer Protection Act, multiple breach of contract lawsuits, insurance that has been canceled once, and property values that have plummeted with owners paying tens of thousands of dollars to sell their homes. Homes that should sell in the mid-$150's are selling for as low as $45,000 to $68,000.
I worked with the Kansas legislators and was successful in getting the Kansas Uniform Common Interests Owners Bill Of Rights Act passed, effective January 1, 2011. I continue to be an HOA activist. I've heard HOA stories from all across America. The learning never ends. I've read nearly every HOA book on the market. I've found three to be very helpful. The most recent one I read was written by a 40 year investigative reporter in the television broadcasting industry. He retired and wrote this book full of stories and helpful information. I wish it had been available when I purchased my place 8 years ago. This book is a MUST read by all board members and all homeowners or potential purchasers.
I did not realize when I purchased in an HOA I was signing away my US Constitutional Rights and subjecting myself to the liability of all debt my HOA board created. With the rampant lawsuits in our community we could all end up financial wiped out and losing our homes to foreclosure. Sadly, none of this should have ever happened. It was all avoidable.
I would strongly urge all HOAs across America to work all disputes out without litigation. Hire a professional mediator, if necessary but avoid the legal battle. Nobody wins except the attorneys.
I've found property managers are good snake oil sales people. I would suggest hiring professionals to help in areas where you do not have expertise among board members but turning the entire management over to a property manager has proven to be a massive waste of money in my community. And we supposedly have one of the best in the business of HOA management.
I'm looking forward to reading all the posts and will offer suggestions to those I think might find my experience and information helpful.
NDR
I happened across this website and look forward to learning and sharing with each of you.
Briefly, my HOA background: 8 year HOA member. HOA with 513 homeowners. Dues $230 per month. Age of community 30-35 years. Property manager payroll over $400,000.00 per year. Maintenance provided but has not been done leaving the community in shambles with over $10,000,000.00 (yes, 10 million)unaccounted for, a dead president, self-dealing by board members, a one million dollar loan, six pending lawsuits, a recent lawsuit that set a national precedent for violation of the Kansas Consumer Protection Act, multiple breach of contract lawsuits, insurance that has been canceled once, and property values that have plummeted with owners paying tens of thousands of dollars to sell their homes. Homes that should sell in the mid-$150's are selling for as low as $45,000 to $68,000.
I worked with the Kansas legislators and was successful in getting the Kansas Uniform Common Interests Owners Bill Of Rights Act passed, effective January 1, 2011. I continue to be an HOA activist. I've heard HOA stories from all across America. The learning never ends. I've read nearly every HOA book on the market. I've found three to be very helpful. The most recent one I read was written by a 40 year investigative reporter in the television broadcasting industry. He retired and wrote this book full of stories and helpful information. I wish it had been available when I purchased my place 8 years ago. This book is a MUST read by all board members and all homeowners or potential purchasers.
I did not realize when I purchased in an HOA I was signing away my US Constitutional Rights and subjecting myself to the liability of all debt my HOA board created. With the rampant lawsuits in our community we could all end up financial wiped out and losing our homes to foreclosure. Sadly, none of this should have ever happened. It was all avoidable.
I would strongly urge all HOAs across America to work all disputes out without litigation. Hire a professional mediator, if necessary but avoid the legal battle. Nobody wins except the attorneys.
I've found property managers are good snake oil sales people. I would suggest hiring professionals to help in areas where you do not have expertise among board members but turning the entire management over to a property manager has proven to be a massive waste of money in my community. And we supposedly have one of the best in the business of HOA management.
I'm looking forward to reading all the posts and will offer suggestions to those I think might find my experience and information helpful.
NDR