Should have spoken up 13 yrs. ago. What was being done with assoc. fees?
@neilkurzman49078 ай бұрын
The answer is, they didn’t collect enough money to do the repairs because the residence preferred the low charges instead. My condo was like that many decades ago. Our assessment wasn’t as bad as this one, but there was a lot of deferred maintenance.
@Tugela608 ай бұрын
The money they have been collecting has been for the routine operation of the building. Repairs normally require a special assessment or owner approval to use contingent funds (if they exist).
@jansmith31589 ай бұрын
Where did all of the HOA fees go for the past 10 years???? This condo association board & Property management has clearly NOT done their job to keep these condos & association up to code. SHAME ON THEM. Start investing the board everyone. Where did all the HOA feeds go the past 10 years??
@tw84648 ай бұрын
Exactly
@chrispnw25478 ай бұрын
@@tw8464 Exactly Wrong!!! As an HOA member it is YOUR responsibility to be educated on the costs and maintenance needs. Did you hear any of those feckless owners tell you the last time they went to an HOA meeting and when they voted on the budget? Exactly.
@nunya29548 ай бұрын
@@chrispnw2547 YOU MAY BE EXACTLY WRONG. DO YOU KNOW THIS CONDO ASSOCIATES LAWS? NOPE EVERY ASSOCIATION IS DIFFERENT. ANOTHER THING, FOR ALL YOU KNOW, THE BOARD AND THE HIRED MANAGMENT COMPANY EMBEZZELED THE MONEY.
@chrispnw25478 ай бұрын
@@nunya2954 All Caps = My brain is running on low energy and I am not that bright. Good Luck.
@nunya29548 ай бұрын
@@chrispnw2547 LOL - you are another one that is under the delusion that all CAPS mean someone is mad or angry. News Flashi, CAPS are also used to MAKE A POINT. People just hop on the same bandwagon like sheep and follow the leader with now knowledge about what they are following.
@BAHB4209 ай бұрын
that place is a dump, yet she wonders why threre's an assessment.
@theany97658 ай бұрын
I think its obvious to the husband and he's tried to explain it but she is dead set on the money coming from 'somewhere else.' You can see it on his face as shes talking to the reporter.
@MA-mh1vs8 ай бұрын
I think that is because they pay condo dues annually specifically for the maintenance of the property which was not done and now they are being hit with a huge repair bill without any itemization of that repair bill.
@francismarion64008 ай бұрын
@@MA-mh1vsOr nothing is collected for repair of structures. They had the opportunity to go to board meetings or even sit on the board. This is 100% their own fault.
@MA-mh1vs8 ай бұрын
@@francismarion6400 I have never heard of a condo that wasn't collecting dues and those dues are for maintenance. If indeed they have lived there all this time paying no dues then they have no reason to complain about paying now.
@BoydGilbreath8 ай бұрын
Residents have questions. Who stole the money is most common.
@tw84648 ай бұрын
Nailed it.
@neilkurzman49078 ай бұрын
The answer is the resident stole the money. By not insisting their common charges, be raised to do the maintenance in the past. The longer you leave it the more it cost to fix.
@Tugela608 ай бұрын
No one stole the money. Usually what happens is that owners vote down routine maintenance until the problems threaten the integrity of the building, and then they are facing a sudden huge repair bill. This happens all the time in HOAs. They don't want to pay for routine stuff because they figure by the time the problem becomes too big to ignore any further, they will either be dead or have moved away.
@tw84648 ай бұрын
There aren't enough details in this report to know who is responsible for this. There are more questions than answers. Why are many of these "HOAs" raising the "HOA" rent now quite high? Some are getting close to $1,000 per month in "HOA" RENT. Are all these residents of "HOAs" all voting to raise their fees? But many other reports out there indicate the rent just increases without the residents' direct vote. It's being decided by the "HOA" president and property management company. Do we even know the residents were directly voting on their "HOA" rent? How much were they paying per month and for how many years? Where exactly was that money going? We need all the actual real details before we can say for sure one way or another. But what is clear is these "HOAs" do pocket people's money and there is little to no oversight.
@Tugela608 ай бұрын
@tw8464 HOA fees are not "rent". It is your portion of the operational budget of the strata. The budget is listed out as line item details at the AGM, everyone can see how much is being spent and on what.
@David_Ferguson8 ай бұрын
Nobody asked any questions about deferred maintenance when dues were low, and now they wake up, shame on owners for not getting a more effective Board
@tw84648 ай бұрын
How exactly do you know the dues were low? What was the amount they all paid added up to over the years? You don't think that money would've paid for upkeep?
@tw84648 ай бұрын
Good point tho, they could see maintenance wasn't being done and the clubhouse closed, so you have a point there.
@hildeschmid84008 ай бұрын
Or being more involved in their HOA.
@nikolasbbq8 ай бұрын
Spot on, nobody wants to pay the dues but then when 30 years go by and the place is ready to collapse, they get hit with a big bill. It’s a catch 22, nobody wants to be on the board either.
@neilkurzman49078 ай бұрын
@@tw8464 He knows the exact same way you know that the funds warrant embezzled. I lived in my condo for over 30 years and have seen these things happen. My Condo deferred maintenance and we had some assessments to fix the damage lately. The current board has been keeping up with repairs.
@shari97219 ай бұрын
They've BEEN paying for repairs , upkeep and maintenance , it is not their fault that the money hasnt been spent on what it was for , why should they have to pay for it twice ? Based on the state of the place and the fact that the clubhouse has been locked for over 20 years clearly nothing has been done , no maintenance or even basic repairs . The condo board should have been held accountable long before it got to this state .
@tw84648 ай бұрын
Exactly
@tw84648 ай бұрын
@@YuYu-we2ys maybe. Or maybe they have been paying and the money was being stolen.
@godschild61728 ай бұрын
Don’t by into condos with HOA if you see they aren’t keeping up the building.
@nunya29548 ай бұрын
@@YuYu-we2ys NO MANAGEMENT COMPANY IS GOING TO LET FEES GO UNPAID. SO WHERE IS THE MONEY? MORE THAN LIKELY IT HAS BEEN EMBEZZELED
@AlohaChips8 ай бұрын
@@godschild6172 💯. Treat a condo org with the scrutiny of a background check for a security clearance. Poor maintenance on the building or the financials? Just say NO THANKS!
@countbenjamin14428 ай бұрын
Have the residents been saying things about the issues for years or are they just now complaining because a law says they have to repair
@whatifschrodingersboxwasacofin8 ай бұрын
Real estate lawyer here. I promise they’ve been complaining for years. The new law is just the mechanism they can finally use to force accountability and try to get some of their property value back. Would you silently pay for a clubhouse you can’t use?
@lorretawheeler97138 ай бұрын
The condo board must give owners a detail of what they need to fix and show the price of each.
@tw84648 ай бұрын
Exactly
@Tugela608 ай бұрын
They do have that. In these situations an engineering firm is hired to identify the problem, propose the solution and provide a cost estimate for the appropriate repairs. In this case that probably involves replacing the roof and skin of the building. These things are routine and have to be done every 20 or 30 years depending on the climatic conditions locally.
@hughjackson52258 ай бұрын
The reason I do not want to buy a condo
@Thingsyourollup8 ай бұрын
A lot of condos being sold in my area are old multi-unit apartment complexes that got sold and divided up and sold individually as condos. I would NEVER buy a condo only because when I rent an apartment and have to share walls like that there's always zero noise insulation and I always get neighbors that want to have parties at 3am on a Wednesday. At least you can move when your lease is up. Now imagine living in that same situation but now you have a mortgage instead of just a lease.
@thanosianthemadtitanic7 ай бұрын
@@Thingsyourollupplus HOAs tend to be significantly stricker and more corrupt in small lot, attached housing spaces
@Anonymous98766-e8 ай бұрын
If I were the owners, I would demand an audit of where the HOA fees are being spent. There are some shady things going on there.
@kevinm-py1nt8 ай бұрын
That place is a tear down. They should pray that there is some value in the land.
@teresah.66968 ай бұрын
Damn...even apartment complexes don't keep the clubhouses closed like that..but 20 years, WTF is really going on there.
@nunya29548 ай бұрын
Someone stealing the money most likely
@Tugela608 ай бұрын
The clubhouse is probably closed because it costs money to operate, money the owners were not willing to spend.
@denisek2928 ай бұрын
@@nunya2954 That’s what HOA’s are good for….stealing money. Will never live in an HOA neighborhood again!
@irinab75248 ай бұрын
@@nunya2954their fees most likely were just enough for landscaping and not for reserve fund. Now, it’s a law in Florida to have reserve fund and keep buildings in some minimum maintenance- nobody wants to pay for that. It’s hot and humid in Jacksonville- shown repairs are routine and should be performed on yearly basis
@chrispnw25478 ай бұрын
These condo owners have no one to blame but themselves. As with most HOAs , few participate, no one wants to pay more, and maintenance gets deferred year-after year. The reporter won't ask Sandy Sherman the obvious question: You are pointing to dry rot, did you have a conversation with the HOA/Property manager about getting that repaired and the cost to the owners (which you are one)? Crickets!!!! She and her husband sitting on the sofa day-in-day-out watching reality TV shows while their reality is being neglected.
@microbios85868 ай бұрын
You're right. I'm guilty of this as well. I do not participate in anything related to my HOA. I have no idea what goes on, and I don't even know my neighbors. They send financial information every January, but I understand almost nothing. I just pay my ever increasing dues hoping everything is ok!
@jenniferd2648 ай бұрын
@@microbios8586time to step up! 😊
@thanosianthemadtitanic7 ай бұрын
@@microbios8586that's bad you should get involved with your schedule hoa meeetings & elections. Remeber the economy runs on ignorance, the more you know the better financially you will be and less likley people can take advantage of you and your community
@adam18852828 ай бұрын
Don't build wooden housing in a swamp
@walkingstick66558 ай бұрын
And don't buy into a condominium which was a sh!thole even 20 years ago...when the clubhouse closed. And you had to be aware of the all the rot and roof issues going on for years. Frankly, half a million dollars seems cheap. But details on "structural repairs" certainly need to be itemized. A bunch of now whining idiots, it seems.
@user-uo4rf4ez8c8 ай бұрын
It is up to each condo owner to review quarterly reports and be co-managers of their specific developments. Apparently, everyone is too lazy to accept those responsibilities, so this is what you "pay" for as a result!
@JoeJ946118 ай бұрын
I agree with you. Many condo-owners have a renters mentality counting on the management and board to do everything for them.
@David_Ferguson8 ай бұрын
And why didn’t the Board take out a loan with 10-15 yr repayment, we do it all the time for deferred maintenance, repayment very low
@zombieshoot43188 ай бұрын
Because owners don't want to pay. Even with low repayment fees.
@stevekru65188 ай бұрын
Would you loan money to that condo?
@Tugela608 ай бұрын
Because the board CAN'T take out a loan. They have to get the money from the owners, who will either have the cash on hand or will have to get a mortgage to cover the cost.
@irinab75248 ай бұрын
Most of the HOA are not fundable. The accounting is outdated, no P&L statements - banks are not idiots to throw the money away. HOA is a non profit, however, very seldom they have proper accounting and get audited yearly as supposed to, especially these old ones.
@Ricow55068 ай бұрын
I will bet their HOA fees were super affordable for the last 20 years and at every meeting the residents fought the board on spending money for maintenance. Now that has finally caught up to them and they act dumfounded for the cameras while the place looks like it should be condemned years ago. Time to pay the Piper.
@JobyJoby-iw2wr9 ай бұрын
I remember looking at these when first built in the late 1980s - loved the place! It was out of our meager price range unfortunately. Sad to see this.
@charlesritter66409 ай бұрын
Avoid HOAS if at all possible.
@CraigC-h6b8 ай бұрын
Condos especially
@tw84648 ай бұрын
Exactly
@neilkurzman49078 ай бұрын
Don’t you mean avoid poorly run condominiums? The ones that defer maintenance, and don’t put any money away for the future
@Veronica997099 ай бұрын
Yes it really needs lots of repairs and that costs a lot.
@ryanwalters61848 ай бұрын
Only $500000? That seems cheap. That place is a dump.
@kimberlyfamoly58638 ай бұрын
There may not be major structural issues.
@davidlgti18 ай бұрын
agreed....was thinking the same thing. Only $500k will take care of all of that?
@ericsimonson85408 ай бұрын
LOL, I was thinking the same thing…
@politicsuncensored56179 ай бұрын
Buying a condo is worst than buying a timeshare and that is a really bad mistake. You never really own either free and clear. Shalom
@tuck64648 ай бұрын
I don't know about worse than a timeshare, but yes they suuuck.
@neilkurzman49078 ай бұрын
Buying a house is worse than buying the timeshare. It’s a really bad mistake because you have to make pay to maintain the house for as long as you own it. Everything requires maintenance even if you want to pretend that it’s a rip off to maintain your property.
@politicsuncensored56178 ай бұрын
@@neilkurzman4907Yeah you're better off paying rent until the day you freaking die. You have never owned a home. Got it. Shalom
@mattbosley35318 ай бұрын
Owning any property requires maintenance and paying taxes, so even though you own it it can be taken away if you don't keep paying. Even if you do sometimes the government can take it through eminent domain. It's just a fact of life. You have to live somewhere.
@politicsuncensored56178 ай бұрын
@@mattbosley3531Then you make the payments or pay it off as we did. You can be kicked out in the streets if you fail to pay your rent and you have no control over what you rent. Nothing, rents can go up, the landlord can refuse to renew your lease or monthly rent. My home is worth 4 times what it cost to build in 35 years ago. When I'm gone my kids can have the house or $$ by selling it. Shalom
@bobbylincoln69499 ай бұрын
Sounds like yall getting pushed out and a brand new luxury complex will be built.
@Pilikoa8 ай бұрын
It’s clear structural repairs are needed and not postponed like you see here. However, as an owner you should be able to see HOA reports detailing the costs, what’s being done and who it’s being contracted out to. This story doesn’t mention any meetings or contact with property management. That would probably complete this story, instead of leaving the couple hanging…and us too.
@Tugela608 ай бұрын
There would have been an AGM or extraodinary condo meeting to approve the expenditure. The only way these people don't know anything is if they just ignored the meeting and are now feigning ignorance, probably because they don't have the money and don't want to pay, so are stalling
@markdalton38348 ай бұрын
Corruption knows no bounds.
@theexisting11978 ай бұрын
Well put ✌🏾
@grayrabbit22118 ай бұрын
More like condo owners balked every time the HOA tried to raise monthly fees to pay for repairs.
@emilianogabriel96139 ай бұрын
Why too many problem now in Florida mostly HOA they increase the monthly fee for 300%
@tw84648 ай бұрын
Exactly. The "HOA" Crime Syndicate ran rampant in Florida then spread like a cancer to undermine the other states.
@alanpecherer57057 ай бұрын
While I was a realtor, I visited a condo complex where each tenant got a $34,000 special assessment. There was significant untreated water intrusion. These condos were worth maybe $150-165K at the time and were ticky-tacky built in CA about 1970. Imagine you own your condo and you get a letter , "Good morning, your home is worth $34,000 less than it was worth yesterday. Have a nice day!"
@Elysian7778 ай бұрын
If you don't own the building and the land it's on- you are not an 'owner'. 'Selling' Condos is the biggest scam committed by real estate in history.
@Therealtruthsocial8 ай бұрын
She's upset about the assessment then shows that the place is a dump? Who does she think is going to pay for the repairs? I have lived in an old condo complex. Everyone wants low condo fees and they don't want to fix things. They push the can down the road until there are serious problems. Whether people like it or not there has to be a sizeable reserve to fix things so these huge assessments don't happen!
@janeentumbao86908 ай бұрын
I never understood the purpose of condos. They are glorified apartments that you own, but still share amenities like in an apartment building. You could still share elevators, stairways, driveways and so on. And if there's a leak in someone's condo, that could damage a neighboring one. And they're not cheap. I'd rather live in a stand alone crummy house and not share anything vs any condo.
@terry_willis8 ай бұрын
What a nightmare.
@chelseahoney318 ай бұрын
I live in NY and I’ve been in my unit for almost 9 years. I’ve had two assessments added onto my maintenance in the 9 years I’ve been here. I would get annoyed at the increase and assessments but my building has had the pool redone, the balconies taken off and redone, both upper and lower parking redone, fire escapes repainted, updated washer and dryers, lobby floors redone, and I just received all new windows. After I see stories like these, I feel a whole lot better about my building.
@elviscobb59227 ай бұрын
That’s the difference between Florida and New York. New York generally understands that buildings require on going maintenance.
@derpityderp-derp40078 ай бұрын
HOA's should be banned.
@taylorclear-g8z8 ай бұрын
My question in all of this is who insured that heap? Where were the insurance inspectors? From what little was shown on the video, I saw some SERIOUS issues that if I was insuring the dump, would have meant some serious letters to the HOA and all the residents long before this kind of stuff was allowed to degenerate to the point that we were shown on the video clip.
@vikvargas21189 ай бұрын
Don’t buy condos!
@mantan94008 ай бұрын
This sounds like a scam because how come everyone is surprised that buildings need routine maintenance? It's like those people who run their car to the ground and then complain.
@evilisfun99358 ай бұрын
As a property owner, let's just say if people don't start actually fighting back, you will own nothing and be happy.
@kevinthomas3348 ай бұрын
Ok. If you see the word Condominiums you better run as fast as you can because the first three letters in that word which is Con that means you will be coned out of a lot of money. Trust me on this one. Things will definitely get worse as the years go by. At some point condo fee will be unaffordable.
@menottu8 ай бұрын
Where is the attorney general in this state? Seems like these hoa boards are being allowed to strong arm people who have paid their maintenance fees for YEARS and suddenly theres no money to do the work( maintenance)that has been ignored. Where’s the money gone? In their pockets? FRAUD
@tw84648 ай бұрын
Nailed it. The state legislatures and other elected officials are in bed with the "HOA" crime syndicate.
@tw84648 ай бұрын
Why didn't the states doing any real oversight of "HOAs" for decade after decade? That's the real question. When these ridiculous "HOAs" were approved and made "legal", the state legislatures had a duty to make sure they'd be held accountable. At bare minimum there should've always been a state agency doing random audits of "HOAs." But it's almost as if the whole "HOA" thing was deliberately made a crime syndicate by design.
@drbichat52298 ай бұрын
Fees in many condos were established many years ago and often don’t cover routine maintenance, less required upgrades or renovations. I have a place in a small condo with relatively low fees and been to meetings were owners refused a 50 dollars monthly fee increase to adjust for inflation. With the new condo reserves assessment laws they will have to pay 9000 dollars per unit to have the required amount in reserves. Next meeting is going to be interesting
@JaredMerlin8 ай бұрын
This is what AMAZES me. I moved here to Florida back in 2013. A state that is ALWAYS hit by hurricanes. Someone explain to me why EVERY home in Florida is not built with some type of concrete, stone, rock? Instead, people build here in Florida with WOOD! Seriously?! I don't get it. The elements, termites, weather damage, etc. Do these things not phase builders at all?
@robertyoung28198 ай бұрын
Well... Back in the day... Before... ALL the development started... Things were built with cement blocks... Terrazzo flooring... And jealousie windows... Which created a perfect... Long-lasting... Comfortable home... That was EZY to keep cool and heat...
@crismcdonough28048 ай бұрын
Wood is cheap/higher profit margins.
@synaesthesia8888 ай бұрын
@@crismcdonough2804yup, thats the real answer
@allthingsnu46738 ай бұрын
What a mess. I've never been a condo owner but this makes me wonder, if I was a condo owner, how I would know that my condo board is keeping up with all maintenance and what my recourse would be if they weren't. I'm glad I own a single-family house where I'm the only person responsible for it, no HOA either.
@hildeschmid84008 ай бұрын
You would go to the HOA meetings. If they aren't holding meetings, ask why, and start insisting they are held on a regular schedule.
@lemondropkid61758 ай бұрын
As an owner it is on you to attend meetings, review annual reports, follow up on repairs. This place has a club house they say has been closed for 20 years, how do you not ask questions!!??
@robertgrowcock42388 ай бұрын
Every condo should get a structural engineering report done every 5 years at a minimum. It will layout all the maintenance, preventative and critical, that needs to be done and the approximate cost, so that things don’t get out of hand. It is much cheaper to keep up with maintenance than to fix it after years of neglect. Unfortunately most condo owners only want low HOA fees and not realize the investment it takes to keep up the property.
@thanosianthemadtitanic7 ай бұрын
HOAs are already horrible but HOA attached housing is a nightmare
@kevinthomas3348 ай бұрын
When some of that fee goes into reserves. About one third of the fee goes to reserves and even that can be wiped out in a matter of months if there is a fire or water damage. So thats why it's not good to live in a condo. And most times there is not enough parking.
@Dan-y6l3k8 ай бұрын
Residents who refused to raise HOA dues for years have blown through their reserves and are now forced to pay for code enforcement repairs via a special assessment. A tale as old as time.
@juju-xx5xn8 ай бұрын
Time to investigate the HOA, ASAP!! What happened to the money that was supposed to go for repairs and upkeep? Sue!!
@neilkurzman49078 ай бұрын
The money was never collected. Some people like low comment charges. Can’t you see them neglect? Apparently the owners which are the residents saw this neglect, and didn’t demand that their common charges be raised to pay for the repairs in the past.
@neilkurzman49078 ай бұрын
@@phoenix3.057 That is got to be the stupidest most self-centered post I’ve seen in a while. So you think if you vote Republican all the homeless people get homes? Sorry your party is now the party of not my problem. It’s your problem. Keep it that way.
@gaselekrauss4158 ай бұрын
Condos sound like a nightmare
@jimc14668 ай бұрын
Trustees are unqualified volunteers and many management companies are bearly qualified to do the job= poorly managed condo associations
@anon-w9l8 ай бұрын
Special assessments are always a concern with HOAs.
@sfloridapatriot55728 ай бұрын
They need to ask to see the inspections. Those MUST be made available on request
@Thingsyourollup8 ай бұрын
I freaking HATE HOAs. My uncle passed away last year, it took me 8 months to go through the courts to get appointed as the representative of the estate. In the mean time, the HOA for his complex had replaced everyone's windows for them except for his unit. When I finally gained posession of the property, the HOA refused to allow me to sell it until I paid to have the windows replaced myself, when just two months prior they were replacing people's windows for free. And I quickly found out the reason they put this off is because this particular unit was incorporated into the property well after it was built, was a slightly different architectural style, and these particular windows were a non-standard size and had to be custom ordered. A few years prior to this, I was considering buying a home until I learned an HOA was attached to it. Dues were $500/month, i wouldnt be allowed to have an orange tree in my back yard because apparently having a fruit tree in my back yard would make hordes of homless people magically appear with tents. And then on top of this, all the community centers and parks and pools and clubhouses this HOA offered, they made it mandatory that residents have a rotating schedule for who would staff these places for free. So not only would I have to pay $500/month to not be able to have the one thing I wanted, but I would have to pay $500/month to be FORCED to babysit other people's kids and work for free a couple days a month. NO THANK YOU.
@nickyoung6308 ай бұрын
When I was a delivery driver I used to deliver to older apartment and condo communities all the time, some newer some older and I used to wonder how it was legal for some of these places to collect rent and where that rent went.
@dsdavid9 ай бұрын
Poor management in funds no way this should of happened there needs to be an investigation into the situation
@NJgateway9 ай бұрын
**Should've** not should of; I know that they sound similar, but should of doesn't make any sense. You can also say should have if you wish.
@tw84648 ай бұрын
Absolutely
@francismarion64008 ай бұрын
How do you know funds were managed poorly? Perhaps they never intended to repair anything and never collected money for repairs. These people are all fools.
@hildeschmid84008 ай бұрын
@@NJgatewaythank you this has been bothering me for YEARS.
@Tugela608 ай бұрын
It is not a case of poor management of funds, it is a case of owners resisting paying for repairs for years until the problems become so severe they threaten the habitability of the building. If the owners don't vote to provide funds for routine repairs, the board can't do the repairs.
@bmanz81178 ай бұрын
Corruption and greed. Take your fees and mismanaged, now need more.
@allykatt18498 ай бұрын
The entire city of Jacksonville needs improvement. That place is a dump. I feel sorry for the hard-working residents.
@xyz987123abc8 ай бұрын
Did they not attend the monthly board meetings where these issues are discussed and have been discussed for months now? Their own fault.
@zombieshoot43188 ай бұрын
And how many times did they complain about paying? People don't like to pay dues. I bet anything the owners as a group kept voting to not pay higher dues. They brought this on themselves.
@fringestream9908 ай бұрын
Board meetings? The board members do what they want regardless. And if you disagree with them you'll have a target on your back until the day you move away.
@xyz987123abc8 ай бұрын
@fringestream990 I guess you just got your answer, move out in a year or two or be prepared for a long, nasty legal battle. Pick your poison.
@xyz987123abc8 ай бұрын
Or run for a board seat yourself.
@tuck64648 ай бұрын
@@fringestream990 ^^^^^ this ^^^^^ AND ^^^^^^^^ this ^^^^^^^^^. Not much different than regular/any other government, If you catch them in the act, and pursue accountability, they'll dispose of you.
@williampalchak75748 ай бұрын
Very informative. Thank you.
@microbios85868 ай бұрын
Special assessments are a constant fear if you live in a HOA community. It has happened to me.
@kenofken94588 ай бұрын
They're not a fear. They're an inevitability. The way to deal with them is proactively. If you pay enough in regular assessments to keep up with maintenance AND to put money into reserves, the expenses are manageable. If, like 90% of owners seem to do, they pay the least amount possible to keep the lights on for years and decades and ignore problems, they eventually get hit with a bill all at once that's like the invoice for a new car.
@mistiinseattle8 ай бұрын
i learned my lesson about condos. fortunately i was able to sell without losing my shirt. never again. !!
@johnjobber22198 ай бұрын
That place looks like an old abandoned crap hole
@jermainetaylor6538 ай бұрын
That is completely and utterly disgraceful and pathetic!
@davidison39058 ай бұрын
So the condo board needs to make an special assessment to make repairs of damage of normal upkeep. The residents probably voted to defer repairs to keep their montly assessments down and now that state mandates repairs cant be defered, now residents whine. Small minded people problems.
@johncarter44119 ай бұрын
So, spend money on inspections and regulations instead of repairs.
@thud97978 ай бұрын
We don't even know what these people were paying in monthly HOA dues, maybe it's been woefully inadequate and now it's time to pay up. I've got a friend paying almost $600 a month to cover stuff like this, nearly $7,000 per year for routine maintenence on both his unit and the entire facility in general. Could be this fee is legitimate for the repairs and improvements that have been deferred over the years due to lack of funding from the low HOA dues.
@bitbucket79978 ай бұрын
We had a similar issue. Contractors started with replacing the old siding. Revealing years of old rot. By the time they finished they were replacing everything including a new roof. We all made a insurance claim and there was a remaining sum. Our HOA negotiated on our behalf a 11k loan for each unit over 10 years. Ultimately our dues went up about 90 per month. When you sell the new owner assumes the loan. Good news is the buildings do look much better.
@Cornbread-gi6kt8 ай бұрын
Owners across the country are raising rents, foreclosures and record evictions in favor of making room for illegal migrants which city councils will pay approximately 50 to 60% more to house than what current residents pay and contribute towards the property, and land owners are taking full advantage of this increased financial opportunity, and they’re being very clever citing these processes as some other reasons otherwise.🤷🏼🤔🙄
@poollife77728 күн бұрын
Not in Florida.
@Cornbread-gi6kt28 күн бұрын
@@poollife777 Give it time., no place is safe for long under the current government administration.
@carolr78238 ай бұрын
So they didn't pay for maintenance for decades and they're shocked that they have to pay now. My guess is that they complained about their condo fees for decades and didn't want to pay for needed repairs.
@zombieshoot43188 ай бұрын
That's usually what it is. People in Condo and HOA stuff never want to pay fees. So fees are kept too low and maintenance that should be done on the regular isn't. Eventually you reach no choice but to do the maintenance.
@nunya31638 ай бұрын
This is the problem with Condos. That place has been neglected for years, and is in need or serious renovations. My parents recently sold their condo, because nobody wanted to pay the fees necessary to keep the building in good shape. The previous board had completely mismanaged things, and left the condo $100k short when they needed to replace the roof a year ago. Then they had the hurricane right after that. So glad that they are back in a house, where they can ensure that it is maintained, and safe for them.
@coffeecup31778 ай бұрын
The roofing problem and dry rotted wood on the East Side of the complex does not need to be repaired it should hold up well. That is the opinion of the majority of us that live on the West Side of the complex we even talked with a neighbor who was a professional roofer for 2 whole years who said the problem on the other side will be OK and the special assessment is not needed.
@Tugela608 ай бұрын
Sure, it will be ok on YOUR side of the building, not the other side. You still have to pay though. If the city condemns as a result of the damage, they will condemn the entire building, not just parts of it.
@synaesthesia8888 ай бұрын
@@Tugela60 I think OP was being sarcastic buddy, and you fell for it 😂
@klausschwab68088 ай бұрын
20 years lmaoo. what a scam
@AFAskygoddess8 ай бұрын
I'm a board member in a Florida HOA. We are single family homes, so my situation is a bit different. BUT, the thing is, when you buy a condo, YOU HAVE TO GET INVOLVED. These long term residents should have been demanding the maintenance was done on the buildings. They should have known the HOA reserve amounts. If they didn't like how things were run, they could have run for the HOA board and been an unpaid director, like me.
@zombieshoot43188 ай бұрын
Here's the real problem: The owners never want to pay for upkeep. Than finally they have no choice but to pay because of the state. That's how you get $13,000 assessments. Dues are kept artificially low for years so little money is allocated into savings for future maintenance.
@jasperhart11888 ай бұрын
They need to investigate where the money went
@georgebobblehead96028 ай бұрын
I sold my condo in Virginia Beach the association was just as corrupt and lazy
@doneown5038 ай бұрын
, " , would yeah like to see it collapse like that other beach-side tower ??" lol😅
@carylhalfwassen85557 ай бұрын
The building has been a wreck for years. What did the residents/owners expect?
@jdmciviczc8 ай бұрын
what were the monthly fees before ?
@hildeschmid84008 ай бұрын
Had there been a notification to the residents about the Board meeting and the agenda? Was this brought to the HOA members? If so,all homeowners should have been able to attend the meeting. This shows that it's always a good idea to attend them. At the very least you would have gotten information as to what needed to be done and how much it will cost. As far as I know know, all these meetings should be open to the members. You can listen at the board meeting, and formulate questions for the general meeting, but have to wait until the general meeting for discussion.. Parliamentary Procedures. Do check the HOAs rules.
@markwilliams63788 ай бұрын
What property owners are doing to people is despicable. Shameless
@hadley4077 ай бұрын
When you live in a condo when you notice that your clubhouse has been closed for 2 decades, you need to be proactive and get on the board and start asking questions. Find out where the monthly dues are going and what’s being paid and what’s being fixed.
@CRAFT74458 ай бұрын
Sue the HOA management company for negligence.
@jeffhucle64369 ай бұрын
Bricks and stones will cost some bones but they will never fail you
@ec54238 ай бұрын
so what happened to the monthly payments they've been making for years ?....sounds like the board of directors just want a raise
@carolr78238 ай бұрын
They likely weren't making high enough payments to actually pay for repairs.
@robertgrowcock42388 ай бұрын
It is illegal for the board of a condo to get paid for their time on the board and opens them up to being personally sued if they even allow a board member to assume some of the condo work like landscaping, even if they are the lowest bidder. It all must be volunteer time.
@tw84648 ай бұрын
The real question is WHERE exactly did all their many years of monthly fees and payments made to the "HOA" go? The hundreds of thousands of dollars all the residents paid? Straight into WHOSE pockets? And why the state legislatures do literally zero real oversight of "HOA" letting it run wild as a crime syndicate?
@tuck64648 ай бұрын
Costs nothing to ask, but will cost you plenty to get the truth.
@noid97988 ай бұрын
People get into buying a condo and look 👀 at this mess
@LearnAndSpeakEnglishNow8 ай бұрын
People these days don’t have $13,000 in the bank.
@Smoknn7778 ай бұрын
this is a single instance of total mismanagement by that HOA director. But also the owners are to blame for not getting involved with overseeing the expenses of the HOA monthly dues. Lesson here is if you own a condo get involved don't think and wait till it's to late. It's not like we didn't see this coming. My condo association got ahead of this by starting our concrete renovations 3yrs ago and we are on our last building. Get involved!!
@mencken88 ай бұрын
There’s little question that the owners should get an itemized list of repairs, and the attendant costs. But this is just part of the fallout from the Surfside collapse. We don’t live in FL, but are well aware of what happens when an HOA “kicks the can” for years when it comes to repairs and maintenance of the property. Fortunately, our situation is much more manageable than the property shown in the video. From a legal perspective, I suspect that the effects of the Surfside collapse will continue to be reflected in changes in CID* statutes nationwide. (*CID= Common Interest Developments, which include condos, co-ops, zero lots, etc., pretty much anything run by an HOA.)
@dadevi8 ай бұрын
If you have to pay an HOA, you don't own your own home. It's time people wised up and realized this.
@yungahungatv80498 ай бұрын
Why are they asking what needs repairs?
@mariposa7068 ай бұрын
The real issue is why are wood framed structures permitted there in the first place?
@charleshammer29288 ай бұрын
I live in Broward County Florida. 2 years ago I was assessed 15,000 which was very reasonable compared to many other Local Condo associations.
@wildcat778 ай бұрын
Get involved with your HOA and hold the board members accountable. They do volunteer, so be respectful and thankful of their time. But having a bunch of people pushing their own agenda or just out right incompetent of running a corporation is bad for the business.
@arribaficationwineho328 ай бұрын
Not just an HOA issue but a condo issue. Owners must pay for the common good like roofs etc. free standing homes do not share common expense shares
@stephendamato37487 ай бұрын
Dont understand why owners didnt say anything at HOA meetings about the condition of the building. Didn't happen over night.
@marcusthatsme8 ай бұрын
"What structural repairs, I don't know" then goes on to show the reporter what needs to be repaired. Looks like the problem being either the HOA mismanaged funds (big surprise) or the HOA wasn't charging enough to be competitive when they weren't being forced to actually maintain the properties as they are now. In either case the HOA should have some accountability. In the long run however, it'll require higher HOA fees to cover the ever increasing costs of construction/maintenance on these buildings with the new law in place. What always surprises me is that the residences don't dissolve the HOA, or vote to change it. In Florida that would be in the governing documents, or if its not in them, then its a majority vote of the residences.
@irwinsaltzman9797 ай бұрын
The condo should publish the engineering report. So after defering maintenance for many years they now need repairs. Also if the capitalization fund was not paid into , all the money is due now.
@cinemaipswich46368 ай бұрын
They bought a crumbling ruin and now they complain its a ruin. That building was never meant to last more than 30 years.
@brendahidalgo47118 ай бұрын
Thats CRAZY!
@user-BF11118 ай бұрын
Every Condo owner has faced a assessment at some point or another, our last assessment was at 40 K. This work was neccasary. Our former condo board was not doing the job so it was on us to remove them and replace them. All work should be transparent. So I do not feel sorry, these people need to take control. But they own the building so they need to pay.
@jharris32678 ай бұрын
What is the point of a condo or HOA if you can have a third party kick you out of your home?