Weâ€™ve monitoredÂ Tellico Village for a number of years because it is one of the most well known master planned communities in Eastern Tennessee. Built on Tellico LakeÂ during two real estate booms, this Tennessee lake community has had its share of primary residence property owners and investors. Years ago, we were a little concerned about the POAÂ management changes and financial issues we had read on the internet.
Last month, we had the chance to learnÂ theÂ truth,Â up close.Â Tellico VillageÂ isÂ a role model in the real estate industry. Their balanced budget and $3 million in reserves is likely the envy of competing master planned communities. After meeting many of the board members and committee after committee, Real Estate Scorecard salutes the brilliance and commitment of its Villagers. The Tellico Village POA shared with us their financial statements from December 2008 to the present. Although weâ€™re not certified accountants or licensed lawyers, we know what a full page of â€˜black inkâ€™ represents, year after year. We find the Tellico Village POA to be frugal and smart.
However to us, the best places to live go beyond a balance sheet. This is why we...
Read the full story:Â http://realestatescorecard.com/news/real-estate-news/tennessee/tellico-village-exemplifies-financial-and-social-strength