Category: Board Operations

Board Operations
2012 October Understanding Fiduciary Duty

 Being elected to the board of a co-op or a condo comes with a great deal of  power, and with that power also comes a great deal of responsibility. Whether  they serve a co-op or condo community, trustees and board members, in their  posit…

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Board Operations
2012 October When Good Things Happen

 This past year, many condominium associations enjoyed a double dose of good  fortune: a milder winter with less snow removal and salting, resulting in a  little extra money left in the coffers by spring. The question then becomes:  What t…

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Board Operations
2012 October 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.    Within community associations, owners continue to default on both fees …

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Board Operations
2012 October 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 …

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Board Operations
2012 September Board Members for Life

It is one of life’s eternal questions: is it possible to have too much of a good thing? That question certainly can apply to the matter of long-serving board members, those individuals who get elected and re-elected term after term. And…

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Board Operations
2012 August The Head of the Line

 Susan Jones wants to join the board of trustees. She’s been a unit owner for a few years and really believes that she can make a  difference to the association. When it comes to co-op and condo boards, many  members join because they have…

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Board Operations
2012 July All For One

 It can be easy for seasoned, veteran board members to recall both the excitement  and challenge of being elected to the post. For many, the first weeks and  months are a daunting experience requiring a learning curve that is not always  e…

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Board Operations
2011 October Q&A: Behind in Condo Fees?

Q I have a bit of a tricky issue. I am the trustee of a self-managed triple-decker condo in Jamaica Plain, Massachusetts. The owner of the second floor has become ill and as a result, has not been at home, and consequently has not paid …

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Board Operations
2011 October Serving the Management Profession

Whether you are dipping your toe in the real-estate buying pool for the first time, or you’re soaking in it after purchasing numerous properties, the Institute of Real Estate Management (IREM) is an organization to take note of. …

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Board Operations
2011 October Keep Them Safe

Trick or treat! It’s that time of year when pumpkins are picked and decorated, costumes are chosen and all the children in the association are anxiously waiting for Halloween. But for the association, this is also a time of concern as c…

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