LA HAVE CONTINGENCY PLANS ?????????????

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Anonymous has left a new comment on your post "I FIGURED IT OUT !!!":

This whole process of hiring a manager is no longer a JOKE or something that should be put off until this bod feels it's time. With the whole financial crisis in our country,and I'm quite sure our investments and savings will be effected, the time is NOW to hire someone or RESIGN IN WHOLE and put some people on the board that CAN make decisions for the benefit of ALL property owners or as much as people are against it bring in a management company. This NOT good.

anon-- i was not trying to make a joke with the joe six pack thing -- it is a very important situation for la community members -- a strong manager is necessary who can operate la without the bod injecting their micro management practices-- they should have a a contingency plan in place to counter any rise in default member fees-- you need to have a plan ready to know how you can manage la with reduced cash flow -- it may very well come to that situation --this financial problem in the country may only be starting -- it is highly unlikely that the distress in the financial markets is anywhere near over and the worst may be yet to come--

if the board flubs this manager selection and not having a plan in place for la to operate with less funding -- then they should resign or be removed by the members in a recall vote


#108

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Anonymous has left a new comment on your post "WaMu":

for you're information, dues collection has actuall improved this past qtr., delinquent rate has dropped

anon-- that is great and let's hope it continues into the winter and spring BUT since this information is not available to the members no one really knows, except you evidently -- there should be a running account on this aspect of the finances on the la web site-- it should be updated quarterly -- the collection rate of any community is a sign of the communities financial status and health -- then again the bod would probably likes to keep this type of information quiet and secret -- no need to let the membership know about minor issues like this or maybe they're concerned that if the defaults increase they may have to do something-- that would require them to make decisions and god only knows that is difficult for this bod--- i believe that la is experiencing 16% defaults -- that over $ 500,000.00 ( a half mullion dollars) per year that la could be applying to upgrades on the electrics or the lateral project ( opps --SORRY both of these may be ghost projects that aren't being done anyway so why worry about them or the half million?????) so my point is they make no effort to collect the fee defaults now and leave a half million on the table -- i don't really have a lot of faith in them that they will make any effort to change their ways if the members defaults get worse --

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drip drip drip drip

#115

WaMu

WaMu -- free checking -- no fees !!

OPPS!! NO MORE WAMU

like a dripping faucet drip drip drip drip --soon it may turn into a flood

la bod better have some contingency plans ready for a lot of member fee defaults -- it could be just around the corner -- like january

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