Welcome to All Deer Ridge Owners Welcome to all owners of Deer Ridge Mountain Resort condos in Gatlinburg, Tennessee.
My goal is to help all Deer Ridge owners to have a voice in the management and operation of your property.
Click on the TITLES of any of the following subjects to read the whole posting - and see the comments made by your co-owners. You can also type any term into the below search box, or any word or term in the search cloud.
Click the big image at the top of the page to return to the front page at any time.
Investment Analysis For A Rental Condo At Deer Ridge
Will you really lose $40,000 cash if you buy a rental condo at Deer Ridge and use Ridge Management Ltd?
As an owner-occupied home, Deer Ridge is an incredible value with THE best view in the Smokies and great amenities.
However, several owners and would-be owners of Deer Ridge condos have asked me if these units are a good rental property investment or not. To help answer that question
objectively, I had to analyze the real moving parts of buying and owning here.
Get my complete, detailed investment analysis based on buying a rental condo unit at Deer Ridge Mountain Resort in Gatlinburg, Tennessee.
It shows what you MUST do to make money when you buy a rental unit at Deer Ridge.
Just click the picture or click
Investment Analysis
Gross Negligence – Or Is It Fraud? Legalese On
GENERAL DISCLAIMER FOR ALL PAGES AND POSTS
Note: The following, and the information on any and all other posts and pages by me about General Manager Joe Thomas, GGRC, RML and /or the Board of Directors and its members, or any related topics, are my personal opinions based on my ongoing investigation into the actions and inactions of the GGRC and RML Board of Directors and / or Joe Thomas, General Manager.
While I believe these allegations to be true based on my objective analysis, these opinions remain as only allegations until I, or others, prove things in court.
My goal is to offer all owners all the information and evidence that I have available so that everyone can reach their own conclusions.
Legalese - And Powered Wig - Off
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Every Dollar You Pay For Deer Ridge Is The WRONG Amount!
Please read the various posts here on this Deer Ridge Owners Blog - and see my evidence and analysis which I believe shows conclusively that EVERY dollar of HOA Fees, EVERY dollar EVERY special assessment, EVERY water bill and cable TV sent out for YEARS to ALL Deer Ridge Owners has been wrong!
In many cases at least ONE THIRD of ALL owners have been GROSSLY overcharged. My calculations show that I have been overcharged more than TEN THOUSAND DOLLARS in the past 50 months I've owned at Deer Ridge.
The Board has been WRONGLY and arbitrarily ignoring the requirements of the Master Deed and the Bylaws for YEARS.
If my analysis is correct, the Board has zero choice. They MUST abide by the Master Deed Percentages.
But they haven’t.
However, if the Board knowingly ignored the clear directives of the Master Deed and the Bylaws when allocating costs to various unit types, and overcharging certain unit types on a regular basis, my opinion is that the Board and Joe Thomas may have acted fraudulently.
If they have not been fraudulent, then they have been, at the very least, grossly negligent.
Read the various blog postings - and judge for yourself.
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"We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert." — J. Robert Oppenheimer. This includes the Board of Directors of Deer Ridge Mountain Resort.
Do you realize that you and I – and every one of the 30 one bedroom owners (36% of all units) at Deer Ridge – are currently being overcharged by 82% every single month? And, Luther Parker, the “board” president, said in a recent board meeting that he believes that this 82% overcharge for 1-1 [...]
We have been told by several owners that they are NOT paying the Asinine Assessment payment that Joey and the “Board” claim was due March 1st.
Joe Thomas is telling some owners that their payment will be late if not paid by the 10th. He is telling other owners that all late fees are waived until [...]
We have been told by several owners at Deer Ridge Mountain Resort that they are NOT going to make the March 1, 2010 assessment payment in light of the written legal opinion by Howard and Howard which states among other things, that the assessment if invalid for multiple reasons.
It’s Up To You
Your decision to pay [...]
I strongly recommend you do NOT make your March 1, 2010 OR your 2011 “special” assessment payments to Deer Ridge.
Based on an independent legal counsel review of our Master Deed and Bylaws, his legal opinion is that this “special” Deer Ridge assessment is invalid for at least FOUR reasons:
The GGRC Master Deed and Bylaws do NOT [...]
Independent Legal Opinion: GGRC “Board” Guilty Of Numerous Violations / $353,500 Assessment Is Null And Void
The following is a copy of an email sent to Luther Parker, other “board” members and Joe Thomas on February 18, 2010 describing the legal findings of a real estate law firm concerning Gatlinburg Golf and Racquet Club – GGRC [...]
Joe Thomas and the board make a big deal out of the fact that we have audited financial statements for GGRC and RML – and that, because of this, owners don’t have any need for copies of the books and records.
They make out that this “comprehensive oversight by an outside accounting firm” should give all [...]
We have a new, major document you can download from the “Documents You Can Download” Section in the left column of this blog – or by clicking Deer Ridge History 1987-2006.
This document is a complete scan of one Deer Ridge owner’s notebook of all his documents related to GGRC and RML from 1987 through 2006.
This [...]
We have just been presented with two massive notebooks of historical documents on Deer Ridge that date back to about the time the property was built!
This 11″ stack of papers make absolutely fascinating reading – board minutes, incorporation papers for RML, annual meeting presentations, promises, excuses, provisional hiring, political force outs, side deals – the [...]
Once again, the Deer Ridge Board continues its abuse of power by directly violating the Master Deed with respect to the vote on the walkway railings on February 6, 2010.
The First Phase Vote
Neil and I attended the Special Meeting for the Walkway Railing vote. The ending ballots by owners were 77% in favor. This means [...]
Open Letter to Luther Parker and the Board regarding the announced Special Meeting for February 6, 2010 concerning the waste of $49,000 of owners’ money to replace perfectly good walkway railings.
Luther, David and the Board,
Pursuant to the GGRC Bylaws, I am required to submit the attached proxies to the Secretary at least one day before [...]
Will you really lose $40,000 cash if you buy a rental condo at Deer Ridge and use Ridge Management Ltd?
As an owner-occupied home, Deer Ridge is an incredible value with THE best view in the Smokies and great amenities.
However, several owners and would-be owners of Deer Ridge condos have asked me if these [...]
Did you rent your Deer Ridge Mountain Resort unit through Ridge Management Ltd., RML, for all of 2009?
Wonder how your unit’s performance stacked up against the other units for rental? Well, here’s a chance to find out.
An owner of one of the 2-2 units at Deer Ridge provided me a copy of their year end [...]
If you have not already done so, please vote NO – check “NO – I DO NOT approve the alteration” on the walkway railings vote that is coming up in the special meeting on February 6th.
You can download a copy of the ballot / proxy by clicking Ballot.
If you prefer, you can name me as [...]
Jim and Wanda Goebel mailed the following letter to the GGRC and RML Board of Directors yesterday and copied me on their letter. With their approval, I have included it below.
What about you?
Is Deer Ridge, as we currently know it – with its insider deals, secrecy, ongoing violations of our Master Deed and insidious conflicts [...]
Sandee’s report to the board was interesting: it shows that the pavilion is rented for $150 a day…and that it was rented for 17 days in 2009. That makes an annual revenue of $2,550.
As I recall, WE all paid about $45,000 for Joe’s Folly – PLUS about $26,000 in architectural drawings, etc. The Board continues [...]
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When you register, please include your unit number so we can confirm you are really an owner!
You are welcome to submit as many comments as you want on any of the topics - or even on a new topic. This is the time and the place to finally have YOUR voice heard with regard to your investment at Deer Ridge Mountain Resort.
I would ask that you include your Deer Ridge unit number at the end of each of your posts so other owners get to know you - however, it is not required. I understand some owners may want anonymity for a variety of reasons - but I will need you to show me that you are an owner.
I may post non-owner comments from time to time if I believe they add to the discussion. When this happens I will note that it is a non-owner comment.
Bear in mind, any and all comments you make here can be seen by all one billion folks on the Internet, worldwide!
Thanks!
Deer Ridge Litigation Fund Do you, as an owner at Deer Ridge Mountain Resort, believe we are ALL entitled to have access and be able to copy the books and records of our Homeowner's Association?
So, do I.
But, apparently, Employee Joe Thomas and President Luther Parker and the Board disagree - and are doing all they can to block access, publication and candid discussion of the Asinine Assessment, special deals and favored treatment - at the expense of all Owners.
What ARE they so afraid of us finding out?
Maybe it has to do with the HUGE $10,000 overcharge for my HOA Fees, special assessments, water and cable TV bill - which, in my personal opinion, is due to fraudulent intent or at least gross negligence by the Deer Ridge Board of Directors and / or General Manager Joe Thomas. Please see the posts for details.
We have no choice but to file a lawsuit against GGRC and RML in order to finally, once and for all, make it clear that OWNERS do have a right to all the information about our property and our investment at Deer Ridge.
If you have thoughts and ideas and suggestions, please post them here on this blog.
If you have any clout with the Board, convince them to stop the charade - and let the owners have the information that all owners own!
If you want to help cover the legal costs to get us the right to see the bids for $50,000 for nuts and bolts - and the other background documents for the $353,500 Asinine Assessment, please click on the Donate Button below.
With enough in donations, we can hire BOTH an attorney AND a forensic accountant for the whole process through the Court in Sevier County to make absolutely certain we win EVERY point - and never have to fight Employee Joe and the Board on this stuff again.
Even a $100 contribution will help show that you are in favor of an open and FULLY transparent homeowners' association at Deer Ridge Mountain Resort!
Thanks so much to those of you who have already contributed!
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Owner Comments