Sentry Managementreserve fund brings massive added costs

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But I failed to say - has anyone experience with providers brought in by Sentry Management to institute a "professional" RESERVE fund which will result in a more than $5000.00 per unit assessment just to get the operators to "manage" the repairs.
It just looks like a way to "steal" what we already have saved toward repairs Plus that extra assessment.
I just do not understand and am SOOO suspicious. Our state had zero regulation on this so called plan.

Responses

  • Sa
    Samantha2599 Mar 02, 2012

    It sounds to me that what happened is a reserve study was performed and it was determined that many repairs must be made and not enough funds are available to do this. If this is correct, the board has the legal obligation to special assess the community owners - themselves included.

    If this is not the case, and you feel you are being special assessed $5, 000 for something else, please let me know and I can offer different advise.

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