Planning and oversight key to positive outcomes for condo projects. Given how much corporations are likely to invest in renovation projects, it’s important to set them up for success. Here’s advice to help directors do just that. The reserve fund study Before even...
Condo corporation facing a special assessment?
Making decisions as a condo director is part of the job. Financial decisions, especially those involving special assessments or fee increases, are tough. Making tough decisions about money will never be easy, but making the right tough decisions gets easier if...
Keep Track of the Money: Finance and Condos
Finance and condos is a top-of-mind topic for every condo. Keeping track of the condo's money is hard to manage without good policies and procedures. This blog fills the gap on establishing good financial practices for the board of directors. Conduct a Monthly...
Five things new condo directors need to know
Congratulations on getting elected to the condo board! Now the fun begins. For first-time directors, there is an overwhelming amount of new information to digest. While it may seem like everything has to be learned at once, it may be more realistic to take a gradual...
How to be a successful condo board director
In a previous post, I provided a checklist of the best practices that successful boards can use. Successful boards are made up of successful directors. What makes a successful condo board director? Here are five characteristics I’ve noticed that are common to the...
Who does what? Differences between Condo Managers and Directors
Are you confused about who does what? For most members of the condo community, the Property Manager is the face of the condo corporation or home owner’s association. They are responsible for day-to-day running of things– they look after the bank accounts, handle the...
Wearing the right hat: Managing condo owners’ expectations
One of the biggest challenges of being on a condo board is finding a way to manage condo owners’ expectations of directors. Condo board directors are owners too, so this can be tricky!
Five best practices for improving condo board communications
No one ever complains about too much communication, but everyone complains about too little. Is it possible to get it right? Absolutely! Here are 5 best practices for improving condo board communications. Condos and homeowner associations will find these tips useful...
End Minute Madness: Love your Meetings
When I joined my condo board, I absolutely refused to be the secretary because I knew taking the minutes would be a pain. I became the president instead. During my term of office, we had recording secretaries of variable quality ranging from excellent to inadequate....