09 Jul How to fight a high HOA if I am the only owner out of a condo of 5 units.
Just bought a condo last year in NJ, US. First time home buyer. Long story short: HOA is much higher than comparable ones, ($417 vs $300 – 350 range), how can I fight for a lower one?
For details: Initially HOA was $330/month before closing. It went up to $397/month at closing since bank were asking for a higher flood/liability insurance. Recently, another increase came, now it's $417/month. I checked the break downs and no insurance change! It's a building has 5 units(including 1 store, 3 living units, and 1 garage that I don't own), 3 for rent, 1 for sale, and the 1 I just bought. One guy owns 4 of them and I believe he also runs the condo association. I asked why there's a $20 increase and negotiate for a lower HOA , Association tells me price are "what they are". So now it's just me against them :\ , how should I fight back? People telling me join the HOA board but I don't believe in my case there's any. Condo association is running by the owner of this building. I even doubt there's any condo association budget account since I am the only one paying hoa. HOA for Comparable units in our neighbor usually goes in $300 – $350!
Side story: I live on the top floor and holes were around the outside roof letting squirrels come and go freely. I contacted with condo association, with a guy saying there's no such squirrels thing and refuse to help. I ended up paying $1000 sealing up and putting tunnels to fix this problem (also cost about 3 month)!! They just seem so ignorant and refuse to help. Very upset.
Looking for some help!! First time posting on Reddit. Appreciate everyone!