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I recently brought to the attention of Dustin Snow (Owner of Snow Property Services) the dysfunctional accounting practices and how they lead to charging residents for late and missing dues when they are always on time. When I brought this to his attention, he threatened me with legal action if I persisted in promulgating these facts. Well, he can stick his lawyer up his ass. Last time he took me to court it cost the Carter Ranch HOA $30,000. What a shame his ineptitude was paid for by us residents of the Carter Ranch subdivision. In any case, I am attaching samples of these inept accounting practices. To be clear, there are two possible reasons for these practices. First, he is totally inept at his job. Second, he does this on purpose.
Many years ago when Snow Property Services took over running the Carter Ranch HOA, they held their first open meeting. Unlike the first 10 years of meetings where everybody was friendly and we all got along, Snow opted to have TWO LAWYERS and a BODYGUARD in attendance. A sure sign they were afraid of the homeowners and wanted to keep us in our place, so to speak. In that meeting, after hard discussions by the homeowners, Snow Property Services agreed to make the late fee for late payment of dues $5. If you look at the first two examples attached, they even state that the late fee is $5. Then, right under that, there is a line item for late fee. On one example it is listed as $35 and on the other it is listed as $45. What do you think? Ineptitude or on purpose?
The next three examples show month to month statements. Now normal accounting, like your telephone bill or water bill or electric bill, shows an opening balance, payments made, new balance, new bill for coming month and a new balance. The next month would show the new opening balance (same as prior closing balance), payments made, new balance, new bill for coming month and closing balance. And on and on, What is important here is that the opening balance and the previous closing balance should be the same and all payments made should be listed and dated so the customer would know if their payments were on time or late or missing. The three samples are November, December and January. Three sequential months. If you look at closing balances and opening balances, they have no relation whatsoever. If you look for payments, they are not there either. What does that lead to? Late payment fees on a regular basis and you have no record of payment date to dispute it.
Well, I hope Dusty Snow finds his balls and his lawyer and takes me to court. This time the $30,000 will be his dime, not the HOA as the HOA has nothing to do with accounting of its financials. I find it interesting too that Dusty uses a Las Vegas Bank for all of the HOA transactions. I am not making any accusations (I will simply let you cogitate on that for awhile and draw your own conclusions) of purposeful wrongdoings, I think it is more likely ignorance and ineptitude.
I almost forgot, Thank you Dusty for confirming in your letter that your accounting is all screwed up.
Many years ago when Snow Property Services took over running the Carter Ranch HOA, they held their first open meeting. Unlike the first 10 years of meetings where everybody was friendly and we all got along, Snow opted to have TWO LAWYERS and a BODYGUARD in attendance. A sure sign they were afraid of the homeowners and wanted to keep us in our place, so to speak. In that meeting, after hard discussions by the homeowners, Snow Property Services agreed to make the late fee for late payment of dues $5. If you look at the first two examples attached, they even state that the late fee is $5. Then, right under that, there is a line item for late fee. On one example it is listed as $35 and on the other it is listed as $45. What do you think? Ineptitude or on purpose?
The next three examples show month to month statements. Now normal accounting, like your telephone bill or water bill or electric bill, shows an opening balance, payments made, new balance, new bill for coming month and a new balance. The next month would show the new opening balance (same as prior closing balance), payments made, new balance, new bill for coming month and closing balance. And on and on, What is important here is that the opening balance and the previous closing balance should be the same and all payments made should be listed and dated so the customer would know if their payments were on time or late or missing. The three samples are November, December and January. Three sequential months. If you look at closing balances and opening balances, they have no relation whatsoever. If you look for payments, they are not there either. What does that lead to? Late payment fees on a regular basis and you have no record of payment date to dispute it.
Well, I hope Dusty Snow finds his balls and his lawyer and takes me to court. This time the $30,000 will be his dime, not the HOA as the HOA has nothing to do with accounting of its financials. I find it interesting too that Dusty uses a Las Vegas Bank for all of the HOA transactions. I am not making any accusations (I will simply let you cogitate on that for awhile and draw your own conclusions) of purposeful wrongdoings, I think it is more likely ignorance and ineptitude.
I almost forgot, Thank you Dusty for confirming in your letter that your accounting is all screwed up.
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