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snowybirdie

(5,227 posts) Sat Jan 22, 2022, 02:17 PM Jan 2022

3

Condo owners beware

Recently, A condo management company in SW Florida embezzled all the funds from condo associations they managed. Now owners can't sell and vendors aren't being paid. Insurance against this type of fraud is available. I checked ours, and we have it. Does yours?
Check it out.

https://www.naplesnews.com/story/news/2022/01/18/collier-county-property-management-owners-disappear-millions-stake/6552120001/

4 replies

= new reply since forum marked as read

Highlight:

Condo owners beware (Original Post) snowybirdie Jan 2022 OP

K&R! SheltieLover Jan 2022 #1

Why isn't the management company bonded? Sneederbunk Jan 2022 #2

Happened to my cousin's condo. The manager walked away with Scrivener7 Jan 2022 #3

The article is behind a paywall. Earth-shine Jan 2022 #4

SheltieLover

(57,073 posts)

1. K&R!

Reply to snowybirdie (Original post)

Sat Jan 22, 2022, 02:20 PM

Jan 2022

Sneederbunk

(14,290 posts)

2. Why isn't the management company bonded?

Reply to snowybirdie (Original post)

Sat Jan 22, 2022, 03:03 PM

Jan 2022

Scrivener7

(50,949 posts)

3. Happened to my cousin's condo. The manager walked away with

Reply to snowybirdie (Original post)

Sat Jan 22, 2022, 03:49 PM

Jan 2022

400K and left them with 400K in unpaid bills.

Earth-shine

(4,007 posts)

4. The article is behind a paywall.

Reply to snowybirdie (Original post)

Sat Jan 22, 2022, 03:54 PM

Jan 2022

I'm in Delray Beach.

We have First Services Residential. They are incompetent, lazy, and dishonest.

Here's another article about this matter.

https://www.winknews.com/2022/01/19/homeowners-condo-associations-file-suit-against-property-management-company-over-funds/

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