It's not that there's no board, as far as I understand; it's that they don't meet. A large majority of the 14 units in the complex are owner-occupied, but it seems they're occupied by people who can't be bothered to care about their HOA.
If I purchase this place, I plan on getting huge amounts of insurance (since I won't have any monthly mortgage) and whip the HOA back into shape. If the apathy is there, it'll be fairly easy to volunteer my way into a leadership role, then levy assessments to bring the HOA back into fiscal compliance.
And even if I don't, if I stay there a year, the rent I'll save will more than pay for the place.
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branchandroot
no subject
Date: 2009-07-28 03:07 am (UTC)If I purchase this place, I plan on getting huge amounts of insurance (since I won't have any monthly mortgage) and whip the HOA back into shape. If the apathy is there, it'll be fairly easy to volunteer my way into a leadership role, then levy assessments to bring the HOA back into fiscal compliance.
And even if I don't, if I stay there a year, the rent I'll save will more than pay for the place.