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Anonymous to me show details 4:16 PM (12 minutes ago) Reply
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I believe I heard Appletree Mgt signs a contract with Eagle Lake to manage the community and employees and certain projects. The projects are to be be completed by a certain date, if project completion dates aren't met then monies are deducted. They are given an annual budget to manage and complete projects and if they go over budget depending on the reason they may or may not recoup the money from Eagle Lake. This includes managing property sales. This approach limits the BOD interactions with employees but they still need to be involved in decision making and expenditures. The board might do well to contact a few of the properties Appletree manages other than Eagle Lake to get an idea how effecient they are. Here is their services site that explains what they do. http://www.appletreemanagement.com/appletree/sub_category_list.asp?category=10&title=Services


anon-- yes management companies can provide professional services for customers -- if the customer writes a good contract and has a defined set of goals to accomplish with the mgmt. company these arrangements can be beneficial to the community -- in most cases they will be expensive and can result in ever increasing creeping costs if the bod doesn't know how to manage the contract (this will be a real challenge for this bod)-- but given the past track record here at la with picking incompetent managers and having weak and ineffective board of directors it may be an option and cost that is acceptable to the operation of the community and the members--- this is actually is a good option considering this bod and their inability to oversee and manage la in an effective manner

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