I own a condo in a 272 unit complex, the property management consist of one person, his brother in-law is the on-site maintainence manager. The on-site mgr knows when units are up for sale. The property manager then buys the units before they are listed and rents them out to Section 8. When I bought, in order to get the mortgage, the complex had to be a certain % of owners. Now that over 15 units have been bought due to the brother in-laws inside info, I believe this is a huge conflict of interest. We do have board of trustees, but I dont think they understand what is going on here. What can I do? How do I approach this? I pay 400.00 for condo fees for hot water, heat, landscape, and somewhat snow removal. I would really appreciate any help on how to handle this. Readers, do you find this a conflict of interest? What would you do? The board are very closed minded. PS) i have nothing against section 8's, I have something against someone buying up all the units via inside info.. Thank you.....
