We recently (yesterday) had our meeting for the condo association. All three association board members have stepped down. The president announced they found a property management company to possibly go with. She stated they told her that we do not need a board that they will handle everything. I say she is wrong that we do need a board to over see some things. How true is this?
Will a property management company take us on with our so in trouble balance we have in our account. I am so ashamed to even tell you what our balance is. It is less than $3,000.00. People have gone late on the condo association dues in the last 2-3 years with a total of $17,000.00 in the rears. I cannot believe this and I am asking for statements to show this. And this is why I say we still need BOD for our 15 unit condo association.
I so need these answers and I hope someone is out there to help. I acquired another Property Management company on my own and they told me YES you do need a BOD. Please help me as our next meeting is scheduled for May 2, 2010 to vote on this. Some people here live in a closet so I want them to be well aware of what is going to happen if we do not elect a board. Also things need fixing and I doubt if this all gets done before these people vote for management service.
I have a lot of mixed feeling about voting for management, but then again do we really have a choice? We can't even go to a lawyer with the little remains in our account. And I do not know why the rest of us were not informed of this large amount be back due. I am so angry that this happened to us. No condo association meetings in the last 3 years forced me into circulating a petition to get the meeting we just had. PLEASE HELP US or point me in the right direction. Thank you.