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    Century 21 Alliance Group

    5.0 (1 review)
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    Services - Century 21 Alliance Group

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    6 years ago

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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.

    The service with this company is terrible. The management name was Rachel she saw that the grass in…read moreour subdivision was tall and still did not get the job done. I called and kept asking for them to cut the grass. They blamed it on the division board for not getting the grass cut. But we pay our dues to the company to keep the property clean . This company do not cooperate with the customer.

    Century 21 Alliance Group - realestateagents - Updated September 2026

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