I am so incredibly sorry we signed on with Castle Breckenridge. We started with them in August 2010 to the end of March 2011. Our complex had low funds when we started ($103,000), but we were essentially stable, and we had high hopes they would help us improve our situation. John Kalas, the owner, told us, “it’ll take six months…” to clean us up. Boy, he sure ""cleaned us up."" Six months in, by the end of January 2011, we had $66,400 in funds, and $66,700 due to vendors. Castle Breckenridge guided us, in six months, to a horrible financial state. We will now be \r
digging out of debt for months thanks to their management. They advised us to lay off all of our on-site employees, and then plugged us into their expensive in-house construction company, CBM Construction, and other expensive buddy vendors. They didn’t chase our delinquencies, were in breach of contract after four months (by not performing site \r
walkthroughs per contract), and transferred money from our reserves fund to our operations fund without a Board vote (a big no-no). We also had three different property managers by our fifth month. They aren't BBB-accredited, and I believe they have their OWN serious financial problems. There was a reason they never gave us bids for a maintenance company after we asked them to provide some – they wanted all of our money for their own company, CBM Construction. The owner is more interested in helping himself than helping communities. I can't believe the lack of \r
integrity and the motivation for his own good. I highly suspect unethical practices, and was especially incensed when he said, “we have a year contract with you,” when we gave him his 30-day notice after seven months. What? We're supposed to want to keep you on now that we have more debt than money? Now you're threatening us? \r
We made the biggest mistake ever by choosing Castle Breckenridge. I am so incredibly sorry we signed on with them. They set us back over a year. We trusted them. They should no longer be in business.
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