Condo Q&A

Could property manager be bribing condo association treasurer?

Written by stephen polinsky | Tue, Dec 7, 2010 @ 07:02 PM
Have a very unusual potentially explosive issue. Above and beyond all the water, mold and insurance issues we've raised, three board members quitting this current Condo Board over a two year time period, etc... Came home from a 4 day trip.  Did not cancel the mail. Somehow, the postman mixed up some of the Board Treasurer's mail with ours. In going through my mail there is a letter addressed to her that has her name on it plus it reflects it is a "roth ira (xxx)". The xxx stands for the initials for our property management company which is how we have all addressed the company forever. Of course, it's a guess, but it stuck out like a sore thumb. I showed the envelope to an attorney who lives here and he is very concerned, as I am. Of course the mail was left for this person immediately and nothing was touched. It makes me sick to think that this Treasurer might be being paid by the management company to steer business their way, but based upon how awful things are here - it wouldn't be a surprise at all. And this Board member has been on the Board for years and Treasurer for a long time. All our documents say no one is to be paid, this Board made a huge deal out of how they are "volunteers" at our last Board meeting. Could the Board pass this as a rule and reg on their own? Any ideas how to handle this would be greatly appreciated. This could explain a lot of things and why the Board has intimidated all of us for the last couple years. As I think, this wouldn't be paid out of our monies. I did an audit of the books from 2007 - 2009 and did not see anything l like this, but it could come from the property managers account. Thanks for your ideas on how to proceed. Maryann