- Joined
- Nov 15, 2008
- Messages
- 46,709
I’m sure you are right that they will not be held accountable. But don’t they have a responsibility to place the best interest of the members above their profit margins? I don’t actually have any of the paperwork yet, so I don’t know how that relationship is legally spelled out, just a general understanding that they are bound to make decisions in the best interest of the members. Beyond the delay in processing resale transactions, I would venture to say that drastically reduced customer service, weeks to respond to emails and hours long holds to get through to CM have not been in the best interest of the members. I’ve read a lot of complaints of that nature on these boards over the past several months. Although I do think the call wait times are not being complained about as frequently now.
Yes, they have a responsibility to members, but as just mentioned, they are the management company we owners hire, and really have no recourse unless with remove them, which is pretty near impossible.
So, given all that is going on and the way they run, they obviously chose to reduce staff because somewhere profits or expenses would be effected in some way.
From what was posted, their fees are set at a specific % of the budget and its up to them, from my understanding, on how and what they do.
Other than this year, things have always been what I considered run pretty well, so I am, while frustrated I don’t have my new points, I am not at a point that I believe they have failed in their management as of yet. Like I shared, my previous resales took at least 2 to 3 weeks from deed to points, so 6 weeks is not so far outside the box given it all.