Almost every condo owner, from time to time, has thought about running for the board. Most quickly discount the notion, but a fair number throw their hats into the ring, and some of these even get elected. But what does it mean to be elected to the board? What kind of person does it take to serve, and what are their duties?
Not surprisingly, most board members are ordinary people like Karen Krolak and her husband, Jason Ries, who own a condo in a four-unit building in Somerville, Massachusetts. They are also both volunteers on their association’s board of directors. It’s a small, informal board, with each volunteer sharing the officer responsibilities of president, vice president, secretary and treasurer.
Other board members have more than a smidgen of business experience — like Rob Harrington, founder and chairman of the online home resource site OptHome.com, based in Southborough, Massachusetts. Besides his day job, Harrington also volunteers his time on several condo boards, including a larger 48-unit building.
Board members in homeowner associations and condo buildings are typically made up of volunteers — like Krolak, Ries, Harrington and others — who take time out of their busy schedules to attend meetings, run committees and make sure their investments are protected.
A Thankless but Important Job
Volunteering for an association board can be a time-consuming position that includes a host of responsibilities — such as enforcing governing documents, performing fiduciary duties, and dealing fairly with both fellow board members and residents alike, while being in charge of millions of dollars in assets. At the same time, these dedicated volunteers can be liable if anything goes wrong, often with a threat of litigation. It’s often a thankless job, but nonetheless an important one.