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    Boulder Bay Realty Group

    5.0 (2 reviews)
    Closed 9:00 am - 12:00 pm

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    1st American Management Co

    1st American Management Co

    (11 reviews)

    I live in the Prairie 2 in Valparaiso. The person from 1st American stated our HOA should fund our…read morereserve fund at 100% of our operation fund because the State of Indiana has it in the states statues. I researched the statue and no where does it indicate the reserve should be 100% of our reserve fund. The reply back was management companies state the reserve should be funded at 100% of the reserve. Reserve funds are not operational daily funds. They are to be used for future expenditures such as maintaining a roof on a structure. Replacing pumps for a pool. Our 45 home community has a grass field, 45 trees and a sign for the subdivision. I was told if a storm came through and destroyed all of the trees and the sign we would need money to replace those item, which is correct. However the community would have larger issues than replacing a sign and trees. I read where a community should have a reserve fund study done every 3 years. To the best of my knowledge we have no had one. The subdivision might be 8 years old and the trees. are not large. I was told it would cost over $900 to remove each tree. The trees are maybe 9 ft tall. I am not trying to cause problems but a rush to fund a reserve fund at 100% of our operation fund without a study or common sense is a disservice to the HOA members.

    This company do not commit to keeping our community grass cut. But they take our dues and not…read moresurrender services to keep the community clean. I have to do this every year because they do not care.

    Boulder Bay Realty Group - realestatesvcs - Updated August 2026

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