When it comes to stories about board members pushing their own pet projects, stalling meetings, and generally gumming up their HOA’s administrative works for selfish reasons, most property mangers have one or two doozies. Cons…
Q Can the president of a co-op board be in business with the management company’s owner without divulging it to the shareholders or other board members? The board members were recently notified that the owner is one of the board of d…
Most condo and HOA residents understand that there is a board protecting the interests of their community and individual owners—they’ve probably taken part in numerous board elections, served on committees or volunteered on behalf of th…
Though often responsible for millions of dollars in property and charged with the oversight of complex building functions, few co-op/condo board members are real estate professionals. Board members are resident volunteers who come from …
No matter what the profession or position, it’s difficult to work where you live. For condo and HOA board members, that can certainly be the case. These volunteers must make decisions that impact not only the bottom line, but their frie…
Q My question concerns board members who are also real estate agents. How common is this? What must other board members watch out for to ensure that the board member/real estate agent doesn't cross the line and have a conflict of in…
Building boards and their managing agents function best when they work together as a team. Ideally, the two parties collaborate to implement policy, carry out administrative duties, and make decisions about the efficient operation of th…
In any association of two or more parties, clear communication is essential to ensure a mutually beneficial relationship. In an HOA, there are interlocking relationships, such as between the board and the manager, and between the board…
During the day, J.R. “Sankarasivam” Jeyaranjan works 40 hours a week as a bank risk manager. At night and on weekends, and during pretty much any spare time he has, Jeyaranjan is president of his Jersey City co-op’s board of directors, …
Reality television has made an industry out of putting people in challenging or high-stress situations, sitting back, and letting the “unscripted” drama play out. Shows like “The Apprentice” and “Survivor” drew weekly audiences of millio…