S.D. from Middlesex County, New Jersey writes: Dear Mister Condo, There was Carbon Monoxide in the utility closet in the balcony of my Condo & the neighbor’s unit below due to a bird’s nest in the rooftop chimney stack. The property manager supported by the HOA lawyer wrote us a letter that we are responsible…
Tag: Financial
Condo Owners Needs to Pay and Save for Current and Future Roofs Replacement Now
V.S. from Rockland County, New York writes: Dear Mister Condo, My ceiling has been leaking for months. The buildings need new roofs. No money even though there’s been several assessments and a raise in HOA charges. They say they are replacing roofs on a need to need basis. The more serious ones first. They have…
Condo Owners Face Unpaid Million Dollar Water Bill
A.G. from Bronx, New York writes: Dear Mister Condo, Good day. My condo complex has a history of poor management with the board the management companies. For example, for several years, they failed to pay the water bill from the NYC DEP. This put the owners in the arrears of $995,000.00! The last two management…
Paving Special Assessment is not a Reserve Fund Builder
B.A. from Oakland County, Michigan writes: Dear Mister Condo, For 2 years we have paid a special assessment for new roads/parking areas within our complex. The board has collected the money and placed it in a Reserve Account. It has come to our attention that more than enough has been collected in the first 18…