Quote:
Originally Posted by killer_carlson
actually, i'd suggest that special assessments can be very effective management tools.
The problem is if there is short notice for the assessments.
|
This^^^. At my last condo (a 4 plex townhouse with resale minded owners) we purposely had major non recurring expense go through special assessment vs the operating budget. This was due to the fact that many future buyers focus strictly on monthly condo fees vs taking the time to look at the minutes of previous years.
Everyone knew about it, everyone was OK with payment of it, and the monthly fees stayed nice and low. And we had a nice fresh coat of paint on the exterior.
