Comments on: Cay Club Home Owner Association Issues

By: Fran

Fran — Tue, 20 Nov 2007 20:52:50 +0000

All condo docs state that the developer must hand the governing board over to the owners after a targeted number of units have been sold.

By: TimM

TimM — Tue, 20 Nov 2007 21:02:22 +0000

After my review of the CC&R’s it looks like it should have been turned over after 75% of the units were sold, to the best of my knowledge it still has not been turned over.

By: Anonymous

Anonymous — Sat, 08 Dec 2007 21:13:36 +0000

We just held an election at my condo on the east coast after 75% of the units were sold.
I will admit it took 6 months of stalling by the developer but we homeowners kept on them and the election finally happened.

By: Alison Lindell

Alison Lindell — Wed, 30 Apr 2008 15:01:21 +0000

Craig Holt, the current manager seems to be doing a good job of getting the units rented. I was there last weekend 4/24-26 and the place was very busy. So far I personally have had no trouble renting my place, as it is close to the clubhouse and the pool. However I still haven’t been paid for MARCH!!! and that’s the first month it was rented since I got it last August. Thus the return on investment has so far been nil. I just wonder how many of Dave Band’s 17 units get rented first.

By: Curt Wilde

Curt Wilde — Mon, 21 Jul 2008 18:04:15 +0000

Can someone tell me if this is a safe investment for rental property? I read some blogs where its changed hands and in dire straits. Any NEW update on situation as of July 08