Check your CC&Rs to see if there is a % ceiling on annual assessment hikes.

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Nov 1, 2024
1:44:53pm

cosmohio All-American

Check your CC&Rs to see if there is a % ceiling on annual assessment hikes.

5% is a pretty standard ceiling for assessment fee increases in Nevada.

GO COUGS.

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cosmohio

Bio page: cosmohio
Joined: Mar 11, 2001
Last login: Dec 23, 2024
Total posts: 3,842 (0 FO)

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Messages

Author

Time

Ha! Our current HOA management company finally responded. I had sent them an email saying that the 18% increase in their

cheezedawg Properly rated

Nov 1, 12:07pm

Have to pay for that 60% HOA board raise somehow!

Cougarclaw

Nov 1, 12:09pm

I’m the reluctant HOA president. We don’t get paid (it’s illegal for us to get paid)

cheezedawg

Nov 1, 12:33pm

Wow

SBB

Nov 1, 12:09pm

Are there other alternatives in the market?

BYU Fan

Nov 1, 12:09pm

Yeah I’m following up with a company that would be $300/month. Or we could just do it ourselves instead of hiring a

cheezedawg

Nov 1, 12:11pm

Your response. We were going to pay you $555/mo but decided on $0/mo

JAGA97

Nov 1, 12:11pm

Ha yeah

cheezedawg

Nov 1, 12:11pm

Time for a new HOA management company

WJCougar

Nov 1, 12:11pm

RE: Time for a new HOA management company

cheezedawg

Nov 1, 12:13pm

Is that per house or divided up?

Northwest Cougar

Nov 1, 12:16pm

That’s the monthly fee for the whole HOA. 20 homes, so they each pay $32.75 of the $655.

cheezedawg

Nov 1, 12:24pm

Legit question, what does HOA management company actually do?

Powerbait DPM

Nov 1, 12:25pm

They collect the dues, manage the bank accounts and pay bills that the HOA incurs, work with a CPA to file the taxes,

cheezedawg

Nov 1, 12:31pm

And how does that benefit the home owners?

Powerbait DPM

Nov 1, 12:38pm

See the related thread. We want to get rid of the HOA but it’s next to impossible to do. We are stuck paying fees just

cheezedawg

Nov 1, 12:41pm

Yeah, my brother is on an HOA board. The nightmares he deals with from the

Powerbait DPM

Nov 1, 12:45pm

We hire a management company because the alternative is 1-2 of us volunteer a bunch of time to manage the HOA for free

cheezedawg

Nov 1, 12:56pm

Sounds like it is time to

Courtimedes

Nov 1, 12:35pm

That feels like a conversation with my wife after I look at the credit card statement

Nov 1, 1:05pm

What if you just stopped paying. Will the city put a lien on all 20 houses?

ponys

Nov 1, 1:17pm

It’s an interesting question. No, the city wouldn’t be involved. First, we could drop this management company at any

cheezedawg

Nov 1, 1:32pm

Yeah that’s what I was asking. So unless the management company ratted you out

ponys

Nov 1, 1:58pm

Check your CC&Rs to see if there is a % ceiling on annual assessment hikes.

cosmohio

Nov 1, 1:44pm

The current proposed budget raises assessments from $55/mo to $60/mo.

cheezedawg

Nov 1, 3:45pm

OK, gotcha. I thought you were talking assessments.

cosmohio

Nov 1, 4:38pm

But the experts told us inflation was merely transitory.

Forzaitalia

Nov 1, 1:45pm

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