Wednesday, July 12, 2006

Being a board member pays big dividends

Per communications with Mnagement:

Regarding Carol's $250 for court. This is what Carol felt her time in court was worth and the Board agreed. As the management company we could have charged $120 an hour for my presence as it is outside the management contract. I however did not charge the association for this one court appearance.

So it would seem that the figure of $250 was what Carol "felt" her time was worth. This still rubs against the grain since according to the rules, members are not compensated. At least they quit arguing, they finally answered the question. I wonder how much money was given to Carol in 2005 for her time spent on Riverview Third? We will have to find out if there were any other payments made to Carol for her time.

I hope you all feel good that money you pay for association fees are used for what someone thinks they are worth. This is terrible.

So they charge unreasonable fees outside of covenant rule, they make up their own rules regarding charges for specific groups and finally, they have nothing to worry about since any court action will give them a bonus of whatever they feel like.

Something stinks and I'm going to sniff it out.

AS far as the management charging $120 per hour. I understand the rate, but why would they volunteer to appear at court since they are not lawyers and according to the last court visit, they knew not how to handle rental policies nor did they know how to pick lawyers who could write legal documentation that can hold up in court.

I also understand according to St. Paul Pioneer Express, that New Concepts Management have written some articles for magazines, and I have studied the New Concepts Web Site. Apparently, rental management is a core competance. Oops!