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Old 02-06-2014, 09:00 AM   #77
Slava
Franchise Player
 
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by ranchlandsselling View Post
I don't really think you can have that much of a say, maintenance is maintenance and needs to be done. That said, you get good warning and lead time for what is in the pipeline. Too often people think boards special assess because they want to spend money. They forget that the board is special assessing themselves too. No one likes to pay $10,000 for repairs. So remember that when your board special assess you.
While that is true, I know that when I had a condo years ago I was on the board because I did want a say in the building of the reserve fund. Its a situation where you obviously want to be prudent and have a solid reserve, but not 'too prudent' because that money comes out of your pocket and if you know you're not keeping the place forever you're funding the reserve for someone else. I wanted to be there and have a say on that topic, but most of the board time was spent discussing garbage IMO, as in gossip and spiteful people who were battling with other spiteful people. Now you also know why I got off the board!
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