You are correct on all accounts Robert, and right on track.

If HOA fee’s did NOT support the RML, then there will be other even more invasive questions for owners to THINK about. Until owner pressure occurs and questions are asked directly by many owners demanding and expecting answers, we will NOT be given answers on anything. Past history has proved this.

Exactly where the funding acutally came from to run the RML and where exactly are the HOA funds spent in percentages? It doesn’t take a genius to figure out funding here isn’t upfront since none of us are told the answers. It does take a Philidelphia Lawyer to see it on black and white though!!! Same old tactics, same manager/board ~ different day!

The RML was what i will call fund exhausted, well into the red (from board meeting in 08) that it could not operate into 2009 without an immediate infusion of cash. Barely enough to make it through the end of 08. So, since it is up and running and a rather large salary x84 is coming from it, and i live in a major pumpkin patch (lol) ~ it has been successfully funded (at least at this time, and that is more food for thought!) by hoa fee’s.

Congratulations Board & Joe, AND KUDO’s to you. My opinion remains you “managed” to take more $ from owners and make a mess of things again! Enough said about that.

Highest HOA’s in area………

Yes, i believe you are correct again. For owners that are attempting to sell your units i can tell you as you already are aware the market is soft. Especially right now in condo’s. It will pick up, but that in itself is truly not the problem. If you are not serious about exiting then keep your units priced high because the problem is NOT the price of your units. Buyers expect that price. Your units are worth every penny. That shows us that your realestate is actually worth that tag and you normally should attain that price; however, what buyers did NOT expect are the ridiculous, totally out of line HOA fee’s brought on by management for RML purposes. Buyers purchasing condo’s EXPECT hoa’s and that is understood and not an issue, however; when they see this sort of HOA tag they already know it is mismanaged, terribly so. Add high assessments looming for 2 years to it and mismanagement for a long time comes into FULL CAPS in buyers brains! Light on yet? We as owners have permitted a very small group of individuals year after year, and an employee to govern our investment/s. It is their investment also, TRUE (except for the employee that is) and that in itself makes me wonder, and i bet it does those reading this as well.

****************What to do? Here is an option*************

1. Take your units off the RML ASAP.
2. Rent them yourselves, use other rental companies as there are plenty to choose from. There are many, many options.
3. It will not take many to drop, or very long before the RML cannot survive. The numbers are becoming close. (ps: watch the scramble for cabins if it comes closer!)

At that point in time, this place can and will be managed more efficiently and effectively and at much less expense in every aspect. Everything and everyone needed will be in place. No more politicians.

Bottom Line: No more RML BAILOUTS. Another owner gave me an idea of $1.00 a year salary for a manager!!!

Much of this is sad. Much of this is disgusting. Some of what i have written is comical! Regardless what occurs: LIFE IS GOOD! BE SURE TO SMILE AND ENJOY EVERY DAY! I hope to see all of you this weekend.

tm