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Stupid Condo Owners ?  Red Flags Are Flying



Are you really that stupid when …  ????




Your $300,000 insurance refund is taken to pay start up costs in the Boards' new beach bar and you don't ask why?

Your annual condo budget does not include andy backup accounting numbers and you don't ask why?

Your annual condo budget does not give line item comparisons only general grouping of expenses and you don't ask why?

Your Condo President and VP cover the shortages and start up costs in their new beach bar and hotel business using your maintenance fees and you don't care or do anything about it?

Your Condo President and VP sign a $7.5 Million Dollar lease with the Association's Commercial Unit Owner who is reported to be almost $1,000,000 behind in maintenance & assessment fees and you don't ask why?

Your Condo President and VP allow the Commercial Unit Owner to divest ownership to avoid having to pay almost $1,000,000 in assessment fees leaving all owners to suffer a huge financial loss and you don't ask why?

Your Condo President makes "closed door deals" that works directly against the good of the Association and forces condo owners to bear a huge financial burden for 15 years and you don't ask why? ($7.5 Million Dollar Cost to Owners)


The question becomes are you really that stupid? The Board President (Michel Jekic) and VP (Laura Welliver) appear to thinks so because you don't question anything they say or do. 


Why do I even care?  I care because I still have millions invested at this property and I am not stupid.  I am forced to watch my investment shrink as it gets flushed down the toilet. 

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