Aquarius Maintenance: Why is it the lowest of our neighbors? August 2016

Logo black no lineAquarius Maintenance: Why is it the lowest of our neighbors?         August 2016.

Call it HOA quotas, or maintenance contribution, or regular assessment cal it by any name but it seems that Aquarius Condominium Association has the lowest maintenance fees of our ocean front neighborhood.

How can this be explained? It is possible that with a budget without any slack regular preventive maintenance is postponed sine die. This means that small problem may turn in big problems and the consequences very expensive to correct.

In 2015 we had two surveys on the maintenance quotas charged in the buildings next to Aquarius. It was August and April of 2015. In both probes Aquarius asks for the lowest maintenance of any of the neighbors.

Again in 2016 Aquarius requires the smallest payment as computed by the ratio dollar chaged by square foot. This ratio is traditionally used to determine the maintenance quotas in most buildings. This ratio is also used at Aquarius. Larger units pay more.

Is this good? It would be better to maintain the building in top shape avoiding problems. What do you think?

 

These are cents of the 2016 08 Maintenane Compare2 2dollar charged per square foot of the units.

 

.o0o.

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About Cecilio Augusto Berndsen

Information Technology, Management, Project Management and Public Administration are areas I am familiar with. I am also interested in photography, wine, sailing, politics, economics, and economic development.
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One Response to Aquarius Maintenance: Why is it the lowest of our neighbors? August 2016

  1. Mark Farber says:

    Hi Cecilio,
    Thank you for letter you posted.
    You are saying:
    1:”Aquarius Condominium Association has the lowest maintenance fees of our ocean front neighborhood.”
    Do you know some of the condos includes A/C electricity expenses in maintenance fee?
    In those cases maintenance fee must be higher. Did you took it into account?
    2.Please compere the numbers with the numbers in your similar letter at August 2015.
    Cents of the dollar charged per square foot of the units in our condo in 2016 less than in 2015(45via46).This can not be true.
    3. And more important:
    You stated in the letter 2015: Aquarius charges less, than buildings that offer less amenities.Please give me the examples.
    I have the opposite example. The” Wave” now, after reconstruction, has additional beach services,including everydays furniture and umbrellas installation on the beach by the technicians,but cents of the dollar charged per square foot of the units are not up,but down from 73 in 2015 to 69 in 2016(the numbers from your letters).How this be explained?
    The high fee for maintenance is not guarantees good services.We have increased maintenance fee in 2012 and 2015 on 20%.summary.Result??
    Good care of the building depends on many things,including to have the reserve for preventive maintenance,which I believe we have.
    But not only on this.
    To have good professional Management(,I believe we have now) is more important.
    Lets do the job more economically and professionally.
    .
    With my respect. Mark Farber,1503N.

    Like

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