Sentry Managementask questions to expose condo management

A
This review was posted by
a verified customer
Verified customer

HELP! Need you ideas ASAP!!! My HOA just hired Sentry Managment, by absorbing our already crooked management company. NOW they want to install a "RESERVE Program". This will cost each of us over $5, 000., additional in fees in one year, plus other increases. Supposedly this Reserve plan will tell us what needs to be done, and when, and arrange it - and it will ALSO manage our money. haha
It took them 7 months to prepare a $3000.00 "study" which had only one on site inspection the month BEFORE the Report was distributed.
I need help in what questions to publicly (or privately research) ask to expose these nefarious people. Every time you add another entity between the money and its management is seems to add to the cost. We have 100 owners, most of whom feel they are powerless to stop the maniacal Board of Directors and management company, who seem to be in each others pockets always. Our fees have already jumped from $85. a month to over $210. a month in only six years. Each unit has a selling value of less than $140, 000. and of 100 units 8 are for sale.

Responses

  • Jo
    jobno56 Jan 24, 2012

    the condo owners most certainly can fire the management
    and the Board of Directors can be recalled with a majority veto; just get all the complainers together, sign a notice of dismissal and get rid of the BOD's
    if they refuse to step down just have another BOD vote and completely ignore the old sob BOD's
    carry on with your business and fire the management
    the BOD do NOT have the final say - the owners can veto them

    1 Votes
  • Ab
    abqgram Jan 24, 2012
    This comment was posted by
    a verified customer
    Verified customer

    Thank you! Great idea, and Many of us have thought of firing the Management company but the board is in the middle - Can a group of owners fire the management company without the concurrence of the Board of directors? The BOD hired the management company. Yes, next to these crooks the other big problem is every loves to complain but very very few will take action.

    0 Votes
  • Jo
    jobno56 Jan 24, 2012

    100 owners
    have you owners thought about FIRING the management company?
    or just more ignorant and whining "condo" owners
    losers

    1 Votes

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