People who belong to an HOA pay annual or monthly dues which the HOA uses to maintain shared spaces and carry out other association duties like rule enforcement, meeting management, and financial planning. An elected board of volunteers runs the HOA on behalf of all community homeowners. The ...
Having had a similar position in my career, I felt she did an excellent job representing Silvercreek Association Management and the HOA . Gay C Board Member Silvercreek always takes care of what homeowners need in keeping up the safety and condition of their clients’ properties. Joanne ...
Even seasoned boards have to be alert to avoiding even the appearance of a conflict of interest when it comes to bidding. Having a board member who is a plumber, for example, really helps when something comes up regarding the building’s pipes. But when it comes to actually procuring a fo...
Quiello explains that “compensation” was one of the issues that existed in his Pompton Lakes community when he was appointed to the board. The manager was also a board member and a resident, and received a stipend for some of his duties. The result was that he ran the property like hi...
Quiello explains that “compensation” was one of the issues that existed in his Pompton Lakes community when he was appointed to the board. The manager was also a board member and a resident, and received a stipend for some of his duties. The result was that he ran the property like hi...
As for how to deliver a holiday bonus to members of your HOA staff, it’s entirely up to the community in question—but anecdotal information suggests that an email or note from the board to all residents a few weeks before the holidays encouraging them to acknowledge their staff’s hard ...
The HOA clubhouse pool is undergoing much needed repairs and resurfacing. Please exercise caution when on the clubhouse grounds until the work is finished in a few weeks. This will be ready for the summer! Special thanks to our newest Board member, Matt Hansen, for monitoring the progress. ...
“boards can remove the duties from a board member. For example, a board member being charged with embezzlement can be removed from his duties as treasurer.” Lombardi says, though, that “only unit members can remove a person from the board itself. There needs to be a vote for the ‘...
The governing documents that establish co-op and condo communities also provide a fairly clear framework describing most of the duties and expectations assigned to board members. “In both co-ops and condos, [those powers are detailed in] the bylaws and the Business Corporation Law (BCL),” sa...
When it comes to disclosure of financial information to shareholders and/ or non-board residents, experts suggest transparency as the best policy. “Transparency and full disclosure is always the healthiest way to conduct affairs as a board member,” Love adds. “If the board is withholding infor...