ST Alpha - "An HOA we picked up earlier this year has yet to receive their $ from the previous (very large) management company. Like, a *lot* of money." (Reading a Post)

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An HOA we picked up earlier this year has yet to receive their $ from the previous (very large) management company. Like, a lot of money.

Posted by Spawn May 22 '24, 08:32

It is in an HOA account in a Florida bank, with no board members on the account. And sometimes these boards wonder why we keep a couple of them on every bank account?

Responses:

Work story -- (edited) - Strongbad May 22, 09:14
We took over a trio of plans last November. The prior admin had not maintained current trustees for the 3 accounts. With one dead and another having - decline May 22, 08:39 4
- Yeah, that is a nightmare. This one, all they have to do is close the account and send or transfer the funds to 5/3 Bank. -- nm - LFG May 22, 09:06 2
  - suckin' up that sweet, sweet interest -- nm - decline May 22, 09:11 1
    - It is actually in an account in the name of the HOA, so they are not *using* the funds. Just being dicks. -- nm - LFG May 22, 09:13
- My group's 501(c)3 has a Wells Fargo bank account and every time I want to add an officer to the account, it's fucking torture. -- nm - Mop🧹 May 22, 08:42

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An HOA we picked up earlier this year has yet to receive their $ from the previous (very large) management company. Like, a *lot* of money.

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An HOA we picked up earlier this year has yet to receive their $ from the previous (very large) management company. Like, a lot of money.