Category: Board Operations

Board Operations The New Jersey Exchange
2012 October The New Jersey Exchange

 Anyone who lives in a city—or across a river from one—that is a popular tourist destination has likely played host to a procession of  family, friends, friends-of-family, and other assorted houseguests over the  years. To address this (an…

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Board Operations Getting Out the Vote
2012 October Getting Out the Vote

 When it comes to running board elections in a condo or co-op community, the  biggest concern among those involved is making sure the elections are fair and  balanced and nobody has a reason to cry foul. Elections can be heated as it is,  …

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Board Operations Fiduciary Duty
2012 October Fiduciary Duty

 Being elected to the board of directors of a condominium association or  cooperative comes with a great deal of power, and with that power also comes a  great deal of responsibility. Whether they serve a condominium association or  cooper…

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Board Operations The Benefits of Being on the Board
2012 October The Benefits of Being on the Board

 Many co-op and condo owners want to get involved in their community but they  soon find out that being on the board is no picnic. Soon neighbors are  pestering them asking for feuds to be settled, decisions that affect all  resident’s liv…

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Board Operations When Owners Don't Pay
2012 October When Owners Don't Pay

Nothing remained in the New Jersey townhome after the owner, exasperated and struggling, financially picked up and left. And took everything with him. “Not only did he walk away, but he gutted his house,” says Joseph J. Balzamo, a presid…

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Board Operations Getting Ahead of the Curve
2012 October Getting Ahead of the Curve

Few volunteer jobs are as big and involving as serving as a board member for a co-op or condo. In some cases, it means helping to run a multimillion-dollar corporation in one’s spare time. It means managing the place one lives—along wit…

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Board Operations Staying Away from Impropriety
2012 August Staying Away from Impropriety

 One of the trickier problems to deal with when you live in a co-op or condo is  dealing with board members who sometimes let the power go to their heads. Even  though they are entrusted with a great deal of responsibility in the smooth  r…

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Board Operations Hiring Good Help
2012 May Hiring Good Help

Think about this—nearly two million American workers report having been victims of workplace violence each year and, in the United States, fraud committed by employees cost companies approximately $20 billion annually. Workplace theft t…

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Board Operations Annual Meetings Can Build Community
2011 October Annual Meetings Can Build Community

A co-op or condo community’s annual meeting is just business, though these gatherings can sometimes be the site of personal acrimony, or feuding between residents. But annual meetings needn’t be a source of friction, and can serve as a …

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