---
title: Bad property management - reserve fund never established
description: "Property management never set up reserves for condo association.  Bad property managers?
 
  
 

 
  Normal
  0
  
  
  
  
  false
  false
  false
  
  EN-US
  X-NONE
  X-NONE"
---

[Condo Q&A ](https://www.condoassociation.com/blog)

# [Bad property management - reserve fund never established](https://www.condoassociation.com/blog/tabid/19257/bid/73805/Bad-property-management-reserve-fund-never-established.aspx)

 Written by [stephen polinsky](https://www.condoassociation.com/blog/author/stephen-polinsky) | Thu, Dec 8, 2011 @ 12:35 PM

My husband and I live in a four-unit condo in CA that is 5 years old. Two years ago, our four residents voted to raise our dues to start funding our reserves. $112 per month was supposed to go into reserves. Now we find out that there are no reserves because our HOA mgr neglected to set up a separate reserve account. What recourse do we have?

[View full post](https://www.condoassociation.com/blog/tabid/19257/bid/73805/Bad-property-management-reserve-fund-never-established.aspx)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "stephen polinsky"
  },
  "dateModified" : "2015-02-05T09:30:53.005Z",
  "datePublished" : "2011-12-08T12:35:00Z",
  "headline" : "Bad property management - reserve fund never established",
  "image" : {
    "@type" : "ImageObject",
    "height" : 60,
    "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
    "width" : 60
  },
  "mainEntityOfPage" : "https://www.condoassociation.com/blog/tabid/19257/bid/73805/Bad-property-management-reserve-fund-never-established.aspx",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "https://www.condoassociation.com/hubfs/Logos/CondoAsso-logo.png",
      "width" : 179.13875
    },
    "name" : "Condo Q&A"
  }
}
```