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Rainmaker
4,797,014
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

We don't have anything called a re-investment fee.  You may be referring to what we call a capitol contribution.  Some communities have them.  I've seen them vary from $400 up to $20,000.

Oct 20, 2016 04:17 AM
Ambassador
2,769,968
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Wanda - Our property management companies are out of control on transfer and document fees, but I haven't seen anything that looks like a re-investment fee yet.

Oct 20, 2016 05:45 AM
Rainmaker
3,056,483
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Have not come across this term. Are you talking about a capital contribution to the HOA? If so, some associations and HOA's have it and some don't. No average amount.

Oct 20, 2016 04:51 AM
Rainmaker
4,952,969
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

this one is new to me!!!

Oct 20, 2016 03:46 AM
Rainer
59,896
Coal Infantino
Coldwell Banker - York, PA
Realtor specializing in south central PA

We don't have that fee locally, but in some HOA's I see initiation and selling certificate fees.

Oct 20, 2016 03:34 AM
Rainmaker
1,373,097
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Wanda Kubat-Nerdin I have not heard of this.

Oct 20, 2016 02:32 AM
Rainmaker
731,920
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

No, have not seen re-investment fees. How does that work?

Oct 21, 2016 04:27 AM
Rainmaker
841,937
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

That's a new one on me - so no

Oct 21, 2016 03:13 AM
Rainer
1,475
Ramona DeMille
Ramona DeMille - Chicago, IL
Real Estate Broker specializing in Chicago

Hi Wanda,

No, there is not a reinvestment fee.

Ramona

Oct 21, 2016 12:07 AM
Rainer
1,250
Cep Casusu
Casus Yazilim - Blanco, TX
casus yazilim programi

no

 

Oct 20, 2016 11:51 PM
Rainmaker
1,536,310
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

We actually have a few single family assoiations that do charge one. $1200

Oct 20, 2016 11:39 PM
Rainmaker
3,304,379
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Wanda -- I'm not familiar with that term.  Some fees by various HOA management fees can be outrageous including "document preparation fee", "transfer fees" and "move in/move out fees".  

Oct 20, 2016 11:27 PM
Rainmaker
3,239,677
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Gabe Sanders has it covered!

Oct 20, 2016 11:11 PM
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Cap contr.ibutio

Oct 20, 2016 08:49 PM
Ambassador
4,299,366
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Wanda Kubat-Nerdin - I have not heard of it in our area.

Oct 20, 2016 03:47 PM
Ambassador
3,675,572
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I've not seen one of these, at least not with that name.  

Oct 20, 2016 02:49 PM
Ambassador
3,982,858
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Not usually. When we set up our developments the management company suggested it as a way to "get a cushion" but it was not the norm and we did not follow through on that.

Oct 20, 2016 12:22 PM
Ambassador
2,188,882
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Not in my area. 

Oct 20, 2016 11:54 AM
Ambassador
1,613,698
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Amazing what they put in the CC&Rs

Oct 20, 2016 11:23 AM
Rainmaker
3,980,931
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not that I know of

Oct 20, 2016 10:16 AM
Rainmaker
4,404,096
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wanda,

We have not seen them here.  Each market is very unique, as I read the replies thus far.  A

Oct 20, 2016 08:28 AM
Ambassador
2,352,094
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     It's called something else in Florida.  Disclosures are mandatory by Florida Statute.  Make sure that you or your client also get the Condo Docs and financial statements, review every word.

Oct 20, 2016 07:26 AM
Rainmaker
1,230,086
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not that I'm aware of.

Oct 20, 2016 06:54 AM
Rainmaker
1,527,045
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Sounds like the newest scam. I can't even venture to guess what it is.

We have fees obviously for new ownership which is around $200 now with the paid assessment letter.

Oct 20, 2016 04:57 AM
Rainmaker
395,774
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

No.  This may be a fee the property management company charges to cancel the account with the old owner and set up the new.  I have never heard of a re-investment fee before.

Oct 20, 2016 02:51 AM
Rainer
45,607
Andy Madrid
Hawaii Coast Realty, LLC - Kailua-Kona, HI
Expertise, Professionalism, and Service

Nope.  I've never heard of it.

Oct 20, 2016 02:29 AM