- Daley defends zoning process Trib
- Transit-based tax bump set for April 1 Southtown Star
- IBM Building considered for landmark status Sun-Times
- Regent Realty under investigation Trib
- Foreclosures put llinois in top 10 Daily Herald
- Century-old home goes green GreenBean
- Preservation group slams museum plan Daily Herald
- Development may tower over Wrigley Columbia Chronicle
- Evanston approves major plans Daily Northwestern
- City OKs transit-oriented development Southtown Star
- Suburb to crack down on rental tenants Southtown Star
Wow — I rent in one of the condo buildings (formerly) managed by Regent. Never thought much of them as managers, but didn’t expect this. I remember a notice from the water company on the door once, but that was a while ago. I wondered why we switched management companies on SHORT notice last week.
What do you think this will do to re-sales in the building? I’ve thought about buying one of the units, but this makes me a little nervous.
If the allegations against Regent prove to be true then we’ve learned a lot more about condo boards and their accountants and attorneys than we have about Jay Strauss and Regent Realty. Does anyone do any due diligence before hiring a management company? Or audit the books afterwards? Or even check the bank statements against the books?
This is not the first – and it won’t be the last – instance of a management company allegedly mismanaging or misappropriating large sums of association money.