P.M. from Worcester County, Massachusetts writes: Dear Mister Condo, What would a full HOA audit cost for 50 units? What’s the difference between an audit vs a financial review? Mister Condo replies: P.M., a condo audit is far more thorough than a condo financial review. There is a great blog post here on the very subject: https://communityfinancials.com/auditing-requirements-for-condominium-association-and-hoas/….
Category: Condominium
Three Car Limit Creates Condo Parking Lot Confusion
K.D. from New Haven County, Connecticut writes: Dear Mister Condo, Hello Mister Condo. We have a complex of 5 buildings. Association give right to have no more that 3 vehicles. By rules, one car we should to parking at our garage, one of the front of garage (driveway) but about third car no rules where…
Unenforced Condo Rules Destroys Quality of Life for All Residents
C.F. from Hartford County, Connecticut writes: Dear Mister Condo, I have lived in this condo for 45 years. One of the HOA rules is one small dog (no Pit Bulls, Rottweilers). If you had 2 dogs when this rule was implemented (20 years ago) you were grandfathered. One of the board members recently acquired another…
Condo Board Hires Board Member for Cleaning Contract
G.B. from Cook County, Illinois writes: Dear Mister Condo, I live in a 60-unit condo complex in Illinois. The complex consists of 6 buildings each with 10 units. I’ve noticed in the last couple of months that my building is not being cleaned well. It’s especially obvious on the first floor. I called our management…