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KarenW7 (California)
Posts: 2
Posted:
HELP!!!.... My husband and I just bought a townhome in a community of 35 townhomes, and it seems that the paperwork that was sent to us before closing was fabricated in order to sell the home. We haven't had an association meeting since closing in July, no meeting have been scheduled ( assoc fee $180 per month) and no accounting of where the money is going. The company that represents the assoc. in collecting the fees (***** property management) doesn't have a address or phone number to the board. From what I have found out so far is that the acting President had a stroke( over a yr ago) and the secretary has been acting in his place. My neighbors haven't a clue either as to who is running our HOA. There are numerous concerns as to where the money is going considering there is no accounting. When we closed I had concerns about the accounting but was assured that is was accurate. Hmm the maintenace man is the secretaries husband and he is getting paid over $30,000 yearly for doing nothing.
Where and how do I go about checking into all of this without raising a 'Red Flag' to those I feel are using the money for their own benefit? this is in Long Beach, California
I would appreciate any advice.
Thank you Karen
JoeW1 (New York)
Posts: 728
Posted:
KarenW7 - Do a web search for Davis Sterling Act, gather your by-laws/governing documents, and see where your Association is or is not complying. Where do you send your maintenance fees to? Go down to your borough/town clerk, get an address for your local registrar's office and see if your Association is incorporated.

How old is your community, is it fully constructed?

I would strongly consider sending out a 1 or 2 pg flyer (yellow paper) to all 35 households calling for a meeting of neighbors to discuss owner oversight of the Association's finances, the mysterious whereabouts of ***** property management, and to share owner concerns that your Association legally complies with the mandatory California Davis Sterling Act for California Associations. The Association's yearly income of $75,600.00 and the future reserves for replacement of the common elements is in jeopardy. In other words Karen, mobilize quickly.
RobertR1 (South Carolina)
Posts: 5,164
Posted:
Karen,
Use the search feature on the dicussions main page and search for new HOA's.
You need to sit back and spend some time thinking about what you have done. Since July you seem to be very short on essential information about your HOA. Bluntly you need to dig this information up and anything we refer you to will require a commitment on your part. Hopefully you can get more people interested and they each will lend a hand.
First: Go to your realtor and ask them for the information about the Association. If they bulk, go to BB and report them. While this is going on, get on the internet and run your association document to ground. State Business listings.
Corporations.
Comsumer Affairs.
Go to court house, walk up to info desk and tell them you want to find all the documents that are filed concerning your condominium.
How is itpossiblee to send someone (Who) $180 a month and dopn't know where it is going. I bet if you stop sending it they will quickly remind you.
Implant in your brain that you and your neighbors have to look after their wellbeing. You also signed on that you have a OBLIGATION to know the associations documents and abide and contribute to the regime.
KarenW7 (California)
Posts: 2
Posted:
WOW.... I appreciate the quick answers...I have already sent notice to ***** properties( it is a management company) about my concerns of our HOA. I am going to take the other information that you have all given me and go with it. I know we have a long journey ahead of ourselfs, but do have four other owners wondering the same thing as us. Thank you,
Karen
RobertR1 (South Carolina)
Posts: 5,164
Posted:
Karen,
With 35 units, give serious thought to do the whole business yourself.
There should be other small HOA around that you can confer with. Self management is an option.
RobertR1 (South Carolina)
Posts: 5,164
Posted:
Karen,
I forgot this.
Your original post and any others that you mention names of businesses and people are likely to be deleted here. I am sure you can understand why. This restriction is for all members.

Please read all information about posting. You will not be barred from posting so you can continue this thread. Also you might look around on this site for other useful information.
DaneC (California)
Posts: 210
Posted:
You need to familiarize yourself with the laws that govern HOA's in California. Attached is a link to an annotated index. One of the first things you can do is request a copy of -

1365.(c) A review of the financial statement of the association shall
be prepared in accordance with generally accepted accounting
principles by a licensee of the California Board of Accountancy for
any fiscal year in which the gross income to the association exceeds
seventy-five thousand dollars ($75,000). A copy of the review of the
financial statement shall be distributed within 120 days after the
close of each fiscal year.

Assuming that all 35 units are $180.00 per month, then your gross function income is $75,600.00
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