|At one condo, three years after
one administrator took over, the
property values dropped to half of what they were when he was first
|One administrator let the
utility bills go into arrears for hundreds of
thousands of dollars. The owners were unaware that they were owning
thousands every month in late payments. He left that mess for the new
board to work out.
|One administrator could not keep
his costs within the annual budgets of
$100,000. This is for a job that thousands of board of directors in
Ontario do for free. In six years, he charged the condo corporation
approximately $500,000 in fees.
| One administrator gave an
un-tendered contract to a company owned by a close relative.
|Another administrator insisted
that all owners had to bring their concerns to the property manager. If
an owner wants to talk to him, he charges his hourly rate of $125 an