Many Berkley Court home owners have the same question – where is our money going? Assessments have increased, residents are being fined and billed in unprecedented manner, and yet – the property isn’t being maintained and continues to deteriorate, making it increasingly unsafe to all living here.
One home owner asked the property management company (Rise AMG) to furnish the documents supporting the June 2021 financial statement. Rise AMG did not furnish a complete set, and provided no response when asked about it, as seen below:
As seen in the above email, our current (unelected) Board does not lift a finger to ensure it’s agents are responding to home owner requests in compliance with current Texas law, even when concerns are escalated to its attention.
Why not?
One may suspect it is because the current, unelected Board members are spending home owner funds intended for maintenance of the property on personal or frivolous expenses.
For example, part of the June HOA expenses included reimbursements to the (unelected) Board Secretary, including an Amazon purchase and a $100+ meal from Cajun Kitchen.
When looking at where this spend is seen in the financial statement for June 2021, it is classed by the managing agent as a “meeting expense”, as seen below:
This expense looks like it was incurred on 6/14/2021. Yet, it is classed as a meeting expense by RISE, although the (unannounced) Board meeting was held only on 6/23/2021, as seen below:
Is this an example of willful misconduct by the current, unelected Board? Is the managing agent complicit with fraud since they are the ones misclassifying these statements and processing questionable reimbursements? Do you have more examples of the same? Share your view in the comments!