If you buy into a poorly managed building though you are screwed. Many buildings don’t keep enough cash on hand for unexpected bills because they want to keep the fees low for residents. Then an elevator breaks, sewage backs up, someone floods their apartment, and all of a sudden there’s a $20,000 bill that everyone has to pony up money for.
that is true, we had to change administrators one time and it was not an easy process. my comment was mostly that the blanket statement of “politics in an apartment complex are worse that an HOA” is not true, it depends on the building and the HOA
If you buy into a poorly managed building though you are screwed. Many buildings don’t keep enough cash on hand for unexpected bills because they want to keep the fees low for residents. Then an elevator breaks, sewage backs up, someone floods their apartment, and all of a sudden there’s a $20,000 bill that everyone has to pony up money for.
that is true, we had to change administrators one time and it was not an easy process. my comment was mostly that the blanket statement of “politics in an apartment complex are worse that an HOA” is not true, it depends on the building and the HOA
Sadly this is true, my parents are living this in their condo right now.