I would not recommend this company to anyone. We have a 52-unit condo association in Buffalo Grove and we are paying in excess of $40/per unit per month to Foster Premier in management fees. This year we have removed our board of directors and started interviewing other management companies. Out of 10 that we have requested proposals from (giving them identical specs as in our Foster Premier contract), no company came close to half of what Foster Premier is charging us.
In addition to the monthly management fee, Foster Premier also charges us for office expenses to the tune of $230/month. We still don't know why this charge is so high, when majority of our communications is done electronically via e-mail. We have asked our property manager and Mr. Ron Foster himself to explain office expenses to us, but we have not received a satisfactory answer. It seems like the figure is made up each month because Foster Premier is unable to provide any supporting documentation for it.
Since we have given Foster Premier a 90-day termination notice, Foster Premier basically stopped responding to our requests. It now takes nearly a week and sometimes longer to get a response to a simple request. Our calls go straight to voice mail and the receptionist who was previously courteous and friendly is now curt and abrupt.
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