JoshS5 (California)
Posts: 1
Posts: 1
Posted:
We moved into out townhouse community about 2 years ago and since then our HOA fees have jumped nearly $100! We pay $310 per month and do not get water, garbage and do not have a pool. The annual budget came out and nearly $13,000 will go toward administration and accounting, which is nearly 20% of our budget (with only 24 homes in the communtity). I can't help but think we are getting ripped off here.
The management company has not corrected problems (like parking violations) other than to send notices which then fines the association at the rate of $90 per hour to make up the notice. So even basic management issues are not included in this fee.
So for those of you who know...what is the "going rate" for management and accounting of a townhouse community? And what can we do to get them to lower their fees?
The management company has not corrected problems (like parking violations) other than to send notices which then fines the association at the rate of $90 per hour to make up the notice. So even basic management issues are not included in this fee.
So for those of you who know...what is the "going rate" for management and accounting of a townhouse community? And what can we do to get them to lower their fees?