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Getting Ahead of the Curve
Board members and trustees are volunteers with many responsibilities. They
devote time to their association, act as a governing body for the condo and
have the powers to control what is permitted to take place and not take place.
It’s a busy job and, just like becoming a good employee, becoming a good board
member takes some work. Good board members stay proactive when it comes to
knowing their job and stay abreast to changes of laws.
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Making the Grade
Management companies are hired by boards to oversee operations because there are
simply too many moving parts for volunteers to handle. To this end, it’s the board’s responsibility to do its due diligence and select the best fit and enter into
contract; however, this is just the first step to ensuring successful
operations. Without continued oversight and assessment, problems arise.
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Put it in Writing
The sitting president of a board of directors of a homeowners association in
Connecticut recently approached management with a proposition.
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Pressure & Perks
The drawbacks of serving on a board are well known. For one thing, it’s a lot of work. Hours of work, of poring over spreadsheets, of talking to
property managers and vendors and residents and tenants when you could be
watching the big game. And what compensation do you get for all your blood,
sweat and tears? Not a penny. Up front, that’s a lousy deal—labor and emotional investment with no reward.
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Avoiding Burnout
With only so many hours in the day, balancing the demands of work, family and
outside obligations can become a struggle for anyone, and community association
board members are no different. They volunteer countless hours guiding their
associations, working together to juggle complex issues that affect our lives,
our homes and our pocketbooks — all for no money and not much thanks. It’s a tough job and it can, from time to time, lead to burnout, stress and
anxiety. Read More
Boards Underwater
Fallout and repercussions from the unprecedented bust in the real estate and
mortgage industries are still dogging condo associations all over the country.
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Board Transparency
Any recent web search of condominium news will reveal countless blog posts from
disgruntled unit owners, many of whom feel their individual associations have
been less than transparent in controversial board decisions. But these calls
for increased transparency have left many board members puzzled.
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Everybody Out!
At a Planning Board meeting in a small Massachusetts town, the members reached
an agenda item pertaining to a rather complicated land deal that involved the
purchase of hundreds of acres of lakefront property.
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How to Deflect Board Members' Personal Agendas
It’s an unfortunate fact of condominium life: Board members’ responsibilities and their personal agendas intermingle more often than they should.
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"You're Fired"
Although rare, there are instances where a community association has to dismiss its manager — like a recent case in Florida where the manager admitted to writing himself checks from his condominium to the tune of over $40,000. Read More
