financials
Thanks James for your replies. That explains it all. We should have you and the rest of the current board to manage SPW a long time ago. It's like highway robberies with all of the previous boards. I was talking to one of my neighbors and she said one board wasted $80,000 on one building rehab. To have no reserve fund whatsoever after 27 years, ever since this complex was built is not only irresponsible, it's down right WRONG! You mean up until your board took over, we all paid over $200 per month, $2500 per year just to see grass mowing, pool cleaning and violation letters after violation letters? Take $2500 x 141 units = 350K per year or 3 millions/10 years, 7 millions/20 years and all we saw was one building rehab, a bench and a ramp and non-stop nit-picking? What a ridiculous bunch of idiots that ran this complex before this board. Sorry I had to vent, I happen to know some math unlike those idiots that's all.
Y'all have been here for 2 years and things are turning around already. Hope the future would look as bright. I don't think many other people just don't care what's going on around here, they just pay their fees and be done with it.
By Anna
Thanks James for your replies. That explains it all. We should have you and the rest of the current board to manage SPW a long time ago. It's like highway robberies with all of the previous boards. I was talking to one of my neighbors and she said one board wasted $80,000 on one building rehab. To have no reserve fund whatsoever after 27 years, ever since this complex was built is not only irresponsible, it's down right WRONG! You mean up until your board took over, we all paid over $200 per month, $2500 per year just to see grass mowing, pool cleaning and violation letters after violation letters? Take $2500 x 141 units = 350K per year or 3 millions/10 years, 7 millions/20 years and all we saw was one building rehab, a bench and a ramp and non-stop nit-picking? What a ridiculous bunch of idiots that ran this complex before this board. Sorry I had to vent, I happen to know some math unlike those idiots that's all.
Y'all have been here for 2 years and things are turning around already. Hope the future would look as bright. I don't think many other people just don't care what's going on around here, they just pay their fees and be done with it.
By Anna