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Property management wants to increase condo fees

| Property Management |   Fees, Foreclosures, Delinquencies & Collections |  


Question:

Our HOA is only 24 units we are supposed to have 32 but the other units have not been built. I moved in three years ago and assessment fees were $118 within one year they went to $149. Our property management company want us to go up 10 to 15 percent. We still have 9 units not sold and I am afraid we wont sell any more units if we raise our rates that high. Is that out of line or should I raise the rates that high?


Answers (6)

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