TOAK- Thread Of All Knowledge- Part IV
#2211
10-07-2015, 09:09 PM
Moderator
#2212
10-07-2015, 09:13 PM
Join Date: Sep 2008
Location: Land of the Free, Home of Jack Daniel's
Posts: 46,829
Received 21,365 Likes
on
8,414 Posts
I was so early in the clubhouse because I woke up early, arrrrggghhh.
My meeting was as I expected, not really applicable to me but I have to be there bright and shiny regardless. Had the oil changed on my truck afterwards.
This afternoon, I had a budget meeting for the HOA. We have decided to put the screws to our residents and raise dues $53.00 or 10% next year since nothing is getting cheaper. So the assessments will be $587.75 annually. Gotta pay for the 4 pools, butt load of landscaping plus some upcoming unfunded repairs, tree replacements, fence repairs etc. etc.. If everyone paid their dues it would add an additional $71,000.00 to our reserve fund but as you know, not everyone will pay their assessments and we will have to take them to foreclosure. Realistically, I expect to see about 50K out of the deal to add to our annual assessments of $761,838.00* (*=if everyone paid).
My meeting was as I expected, not really applicable to me but I have to be there bright and shiny regardless. Had the oil changed on my truck afterwards.
This afternoon, I had a budget meeting for the HOA. We have decided to put the screws to our residents and raise dues $53.00 or 10% next year since nothing is getting cheaper. So the assessments will be $587.75 annually. Gotta pay for the 4 pools, butt load of landscaping plus some upcoming unfunded repairs, tree replacements, fence repairs etc. etc.. If everyone paid their dues it would add an additional $71,000.00 to our reserve fund but as you know, not everyone will pay their assessments and we will have to take them to foreclosure. Realistically, I expect to see about 50K out of the deal to add to our annual assessments of $761,838.00* (*=if everyone paid).
I will never ever ever ever ever ever buy in to a HOA!! Never !!
#2213
10-07-2015, 09:14 PM
Join Date: Sep 2008
Location: Land of the Free, Home of Jack Daniel's
Posts: 46,829
Received 21,365 Likes
on
8,414 Posts
#2214
10-07-2015, 09:14 PM
#2215
10-07-2015, 09:15 PM
Join Date: Sep 2008
Location: Land of the Free, Home of Jack Daniel's
Posts: 46,829
Received 21,365 Likes
on
8,414 Posts
#2216
10-07-2015, 09:16 PM
Moderator
Don't be skeered Dub......
#2217
10-07-2015, 09:18 PM
Seasoned HDF Member
Howdy. Resisted the urge to buy a time share agian!!! 3 days in Vegas and all it cost us was about $300. Gas, food, and lodging. Good and well needed vaca!
#2218
10-07-2015, 09:19 PM
Seasoned HDF Member
She'd be fun bit I'd rather have the Kabota under the tree.
#2219
10-07-2015, 09:19 PM
Moderator
#2220
10-07-2015, 09:19 PM
Join Date: Sep 2008
Location: Land of the Free, Home of Jack Daniel's
Posts: 46,829
Received 21,365 Likes
on
8,414 Posts
