Saturday, July 24, 2010

How is Nautilus Cove Being Marketed?

Short answer is:  As an Apartment Complex
The 'Management Company' that in effect runs Nautilus Cove is Concord Management.  This is their 2nd tour here, first we had Seagrove on the Beach, then Concord then Seagrove and then Concord for the 2nd time.  Seagrove was a dud, I would rate them about D and Concord is at best a C-.  Here is a quote from their site:  "Nautilus Cove:  As one of Concord Management’s showcase communities, Nautilus Cove is located near essential shopping with unparalleled dining. The finest appointments have been chosen to define distinction and enhance the vitality of your living experience. Our futuristic vision of affordable living is at Nautilus Cove Apartment Homes. Our progressive design will set the trend for contemporary living." 

Here is a direct link to their site:  

There are 168 condos here, 57 are unsold developer units that Concord rents out on their behalf.  The office manager for Concord spends 50% of their effort on the Developers business and 50% presumably on NCC business.  This info is from the old CAM here who gave the 50% info at one of the Annual General Meetings.  We budget $70,000 a year for Concord but we only get 50% effort by them.

Clearly the tail is wagging the dog here.  We have 111 privately owned units and 57 Developer units but we have only a part time office manager for our own business.  When we get control of the condo with the election of the 2nd Board of Director member we will have a good opportunity to toss out Concord and put in a management firm that will handle the Nautilus Cove business.

If Concord wants to rent office space for a leasing agent then we can provide them with one at a monthly rental to be determined.  Our new management firm will NOT be shilling for Concord or the Developer, they will work only on Nautilus Cove business. 

We need 2 new BOD members that will take charge of the complex and not put up with any Concord or Developer BS.  This complex is ours and should and will be run by the owners.  You might have noted that although Concord initially set the date of the election of the 2nd BOD member at July 25th, when Norman Knight (, of Concord and both a BOD member and the President of the Association found out about the date, within 2 hours he emailed me that the date was incorrect and not authorized and there would be no election on 7/25 despite what Concord had said to the DBPR in Tallahassee 8 months previously.  They will delay this election until the last possible day as they know that the Concord/Developer rule here at Nautilus Cove is coming to an end. 

Here is the contact infor for our 3 BOD members.  Keep in mind that in 3 years I have only gotten one incoming from any BOD member, so don't hold your breath waiting to hear from any of them:

Leonard DiGiacomo (Owner of #616)