HOA Payroll expenses: Are residents paying too much?
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- čas přidán 27. 06. 2018
- Living in Las Vegas can cost more when your home is in an HOA, but where does all the money go? Contact 13 looks at who's getting a big slice of the pie in one of the largest communities in Southern Nevada.
I absolutely love watching these clips about HOAs. People pay money for other people to run their lives, steal their money, fine them for BS and foreclose on their home for owning $50 in fines. It's a hoot!!!
James if you pay taxes that's basically the same thing unfortunately
@@kenyettaready we all have to pay taxes, but purchasing a home in an HOA community is voluntary. You choose to be ruled by the HOA board.
@@jamesbailey6865 paying taxes is voluntary as well if you’re rich and know how to do it 😉
@@kenyettareadyand James Bailey. You both are right. First of all not many wealthy people and corporations pay their fair share in taxes. After paying taxes their entire working career citizens over 65 should be exempt from any type of tax. This is financed by making the rich pay their fair share.
Homeowners Associations are one of the todays biggest scams. Some people are paying $3,000 per year to have their streets plowed and to get harassed by power hungry morons. Why are these homeowners paying for services their city tax should cover? HOAs are just ways for developers to continue to soak money from their construction developments.
Lol i see your comments on all these clips keep em coming
Wow. Thats a good salary when they likely work 8 hours a week
They don’t work at all they just show up and sit and eat and spy on the slaves
I doubt they are working a full 8 hours. Those types of jobs make it very easy to not show up at the office or be hours late. If anyone needs you, your secretary would just say, he is at a residents house overseeing some work, or he is out on the community doing xyz. He gets paid more than the Commissioner of the IRS and Treasury of the US. Ridiculous!
They do nothing but lie and steal,
@@hermanrogers1325 i agree
Yes, they must be HOA friends or relatives in those positions.
Get rid of the HOA
HOA=home owner abuse
Not all but definitely feels like it
I lived in a older h.O.A. as a renter. We never had any trouble from them. But you can tell most of the money they collect goes to the H.O.A. board members. When living in L.V. avoid these communities at all costs
All the hard earned money you paid in HOA goes straight to thieves pockets. You are paying for other peoples yachts and mortgages at your expense.
Homeowners need to get together and vote out the management company and take over their own HOA. They can elect their own officers to be in charge of the HOA and they can pass a resolution that caps the amount of pay any officer can receive.
You move in a gated community not to get robbed. HOA is robbing you monthly. Wow
Well said. It appears the robbers are from within
Buy a home not an oversized apartment eh and hire a maintenance company it would be cheaper and no big brother in your bedroom.
277 THOUSAND !!!!!
What was formed for nonprofit purposes has now become very, very profitable. Also, developers now tack on extra fees not just to pay back costs of community development, but now for pure profit. Many HOAs now pay for profit businesses to manage part or all of their nonprofit HOA organization. All these scenarios turn the nonprofit into a very lucrative for profit, but at the expense of the homeowner.
HOA not formed for nonprofit purposes it is the developer continuity to make money
Having lived in both non HOA and HOA communities I can see the need for HOA's. HOA communities are usually a lot nicer than non HOA's. However they have gotten way out of hand. Just like they say...where there is power and money there will always be corruption.
Stay in your HO A though what you say is a damn lie I live in a non hoa community and it's quite nice because if the people who live there not some hoa telling us what we can and cannot do on our own property we have pride to keep our community nice hoa was just designed to keep blacks and other cultures from living around white racist people plain and simple
@@cadds8055 brother yes I do I lived in one never again when people of color started to move in that place the old white reserdences who lived there started to put their homes on the market their primary reason their property values would go down because people of other colors started to move in you can be nieve if you wish by why they were created if you wish I seen it first hand my main reason is not the racial divide but paying someone to tell me what I can and cannot do within my own property I could give a damn less what white people say or do that's their ignorance
@@BernardBethea6339 i mean i dont really want to enter this debate but im a renter and the people across and beside me sit around on the porch smoking m-- and green all day. They are white. I think what most people think is an ethnicity thing is actually a low income and low income mentality issue. If someone spends $20 a day on garbage thats over $7,000 a year. Scratch offs, alcohol, cigarettes, narcotics, gambling/women and other vices. Ive met so many people that dont spend $20 a day on nonsense.. they spend $50 a day ($18,350 a year) and some as much as a $100 a day or more ($36,500+ a year). People with that lesser mentality arent usually upstanding citizens either. Usually everything about them kinda sucks. They dont care about their kids, their mom, their grandma, keeping the house and yard clean, advancing in a career, nothing. So yeah im not sure about the whole ethnicity thing but I think most people when they see the neighborhood going downhill they bail. Its sad that what I just typed is debateable, open to interpretation, or even controversial. It just IS. I’m 41 i’ve met and observed a lot of people. You can tell everything about someone by two things. #1 What drives them. #2 How they care (or dont) about those closest to them. If you ever meet anyone who those two things are out of whack run away as fast as possible.
this is why, its best to literally do almost every single thing yourself and to have a land patent on the land you own.
if this can come from a HOA just imagine what that person is doing with that cash, literally nothing for you, nothing for the poor, and definately nothing for those on fixed incomes.
so, once you have a land patent on a property, not even the HOA can take it without forging a document.
Kermit Peck/TM - Unless the HOA holds the mortgage, you aren't responsible for anything besides basic maintenance fees. That doesn't include payroll.
BUCKET OF SHlT ᐳ TRUMPTARDS not unless you don't have one to begin with.
see, we live in a world where everyone thinks the best way to get a home is via mortgage.
in reality, you can save up for the full cost of a home, even if the home is 400,000 dollars. you just gotta work more.
Kermit Peck/TM - If paying the full amount up front is an option for you, it is certainly a better option. But why not put that 400,000 down on a mortgage and get a better house?
BUCKET OF SHlT ᐳ TRUMPTARDS because that gets you into debt, makes you liable to a bank, and they have full control over your property.
if getting into debt is a way of life for you, then your living your life wrong.
Kermit Peck/TM - Most people have a brighter future to look forward to. Leveraging debt strategically is an easy way to get there. The only thing you're liable to the bank for is the money you borrowed lol.
This is a theme which is common where the project developer creates and controls an HOA long afyer the project is completed and the developer has otherwise moved on to other projects. Developers view the HOA as a continuing source of income, largely extracting whatever they want without oversight, as they often control who is put on the board. Rarely, homeowners revolt and are able to take control of the HOA, The Del Webb Sun City organization has made an art of these practices and is big enough that they are able to avoid homeowner or governmental control.
WHERE ARE THE LINKS TO CONTINUE THIS STORY, WHY DO ALL THESES NEWS STATIONS LEAVE THESE STORIES OPEN ENDED. BAD JOURNALISM
An HOA manager should not be making anywhere near let alone more then the city manager of the city the nieghborhood resides in. That's fucking ridiculous. They need to get a class action lawsuit going or just clean house and replace all those shady corrupt managers and get a new set income for managers. That's absolutely ridiculous.
You like getting robbed 😂 get HOA. You want to live in a gated community you still think it was a good idea
I started house hunting a few months ago - on the back burner - and these videos I've seen over the years have prompted me to ask a critical question: this land is not in an HOA is it? My parents live in a community with a Homeowners Association, but it's $50 a year; and optional to join or not. I think their yearly budget is about $10k which keeps up the lighting, water and landscaping, and a yearly neighborhood party. No one is paid.
Ask Bay Point HOA in Lewes Delaware how much is paid for management company that doesn't show up on expense report and where money goes into board members pockets and expenses The " Women's club " was taking HOA funds for years to have parties that only a few attended at a private golf club all abuses of funds were hidden from homeowners Anyone who requested information were bullied by the members of "the club" of HOA "certain " people It is a horrible place to because It is a hostile angry neighborhood not a community
I've been to Reno. That price makes sense.
You can find out who getting the money, look at the houses of the HOA committee and you will see where the money has gone
Man, I am glad I have a property with minimal HOA. They only care that you build a single family home and that is it:
If a lawyer says something is against the law then they should have to quote chapter and verse of exactly which law they are referring to and how it applies. Just as they would have to do in court.
None of those people are doing any work that deserve a $200,000 plus year salary
What is the process to see if our HOA is using our money.we pay 1200 very three months.
Petition to make hoa's have almost no actual power to take your home you paid for away from you then charge you more money after that
Why are city managers being paid over $200K in the first place?
city managers are actual government officials not just nosy neighbors for one. Two they have real definable responsibilities a term foreign to HOA board members. Three the responsibilities are for critical city functions such as:
Managing the city budget
Overseeing city personnel
Addressing questions from the media regarding city council activities
Meeting with various heads of departments to identify and resolve issues
Making recommendations to the mayor and other city leaders on a variety of issues, including budgets, personnel needs and project costs
Ensuring completion of reports and studies commissioned by elected officials
Overseeing important services such as trash pickup and recycling programs
Ensuring water supplies are safe
Working on important economic development projects
Responding to and resolving difficult or delicate questions or concerns of citizens
@@michaelr2604 LMAO, none of that justifies paying them over $200K you tool, you're just describing a normal job.
Hoa fees are privatized taxes . Controlled by management firms
Glad I don’t live in an HOA, such a
Scam
Im amazed on the homo sapien capacity to be exploited willingly
Always fear based
Nevada is a right to work state so you can get rid of them
Lol my HOA costs 120 a year and the board gets no money
the question is: why would you buy a house with HOA?
Fight them. Get them OUT!!!!
Your surprised they are ripping people off ? Huh this has been going on for decades..........
GOD DAMN IM MOVING TO THIS HOA AND WORK THERE! HAHAHAHA
im sorry but how is no one laughing to "dick orange" at 0:38 lmao
Because we're adults
HOA hall of fame 💸 hahahhaha😂
no that won’t ever exist
Organized crime
its like opposite of a *Prison*
They are being seriously screwed, get rid of HOA
Most goes into the pockets of the officers
Get a good education and apply for the job! MOVE!!! Not surprised at some people's ignorance.
Damn son!!!!
Money leaches
man hire me i work for less than that and can mange 1000 easy
HOA dues are a dumbass tax
WE HAVE A OPPOSITE PROBLEM: Some new homeowners are refusing to live by the CC&Rs governing our over 55 subdivision regarding autos parked on driveways while garages are used for storage etc....we are also noticing many young families with very young children....since our last manager moved it seems nobody is watching 'the store'....our board of directors is made up of 'ball less wonders who are afraid of their own shadows...since this lack of adherence to mandated guidelines for an "over 55" community we have to wonder what this does to our home value when time comes to sell...?? At this point I would rather have a more aggressive HOA protecting my investment.
exactly! it seems like home HOAs are over the line and others won't enforce the basics that are commonsense, like enforcing over 55 in an over 55 community. You have every right to have that enforced! Otherwise, what are you paying for?
Bring back your country from these CEO--or you will be out from your home.
I mean if you move into an HOA on free will, you can only blame your self and no need to complaint about fees or other expenses...
And they make this money for doing what?????
All they have to do is what a slave do pay their master’s they are slaves
😳😳😳😳😳
Egotistical tyrants…..and I’d bet dues money is missing…..
Hell Of Shame
Hahahahaha the home owner is a slave to its master now no fray no say don’t scare the hoa just shuffling alone and pay to late to have any say
How can people be so gubbile
That’s bullshit
Journalist is terrible, using the slang term ‘grand’. Awful.
Arm yourselves and take care of the problems.