Homeowners across Middle Tennessee say they are racing to plug financial holes after recent reviews uncovered bank balances and bills that did not line up with what they had been shown. Neighborhoods that once relied on a single company to collect dues and secure insurance now report special assessments, frozen accounts, and unpaid vendors. Residents describe the situation as a slow-motion unraveling that has left families paying more while investigators try to untangle the books.
TBI Opens Criminal Probe
The Tennessee Bureau of Investigation has confirmed it is examining Gasser 3Property Management and owner Emery Gasser after several homeowners’ associations reported missing money, according to NewsChannel 5. Agents have asked residents to document losses, timelines, and any suspicious transfers as the case moves forward. The outlet reports that no criminal charges have been filed so far while the TBI gathers evidence.
Who Runs Gasser And Where It Operates
On its own site, Gasser Property Management previously listed operations across Davidson, Williamson, Wilson, and Rutherford counties, although some HOA portals are currently suspended. The Better Business Bureau identifies Emery Gasser as the firm’s president, lists an Antioch office, notes multiple consumer complaints, and assigns the company an F rating. Those public records are among the materials that homeowners and attorneys are reviewing as they try to trace the company’s dealings.
Homeowners Face Big Bills
In one subdivision, Carothers Farms, residents voted to raise monthly HOA dues by roughly 24% to cover shortfalls, pushing payments from about $263 to $309 after routine accounting checks flagged problems, according to homeowners and reporters. Neighbors estimate that losses in that community alone could exceed $500,000, about 100 households have chipped in to hire an attorney, and several vendors say they are still waiting on hundreds of thousands of dollars in payments, per NewsChannel 5. “I just want to see justice served,” one homeowner told reporters, while another summed up the mood by saying, “we have no power” as boards and builders work to sort out the finances.
Legal Options And Next Steps…