Timicar
Joined: 11 Jun 2015
Posts: 1
|
 Posted: Thu Jun 11, 2015 10:31 am Post subject: Working Towards Common Goals in a Condominnium |
 |
|
During my years of association with condominiums, I have been a property owner, a Director on the Board and presently, a property manager.
Having been on all sides of the table, I have experienced the responsibilities, needs and demands in each situation. Following are some observations on aspects of managing, directing and living well within a condominium community.
A Director of a corporation plays a vital role in ensuring that the condominium establishes responsible guidelines that help lower operating costs without jeopardizing the integrity, building codes or by-laws of the condominium.
Responsible guidelines encompass the main culture of the condominium, needs of residents and meets the economic demands of the corporation.
Through these guidelines the property manager helps to facilitate and execute projects to completion.
Other professionals such as the condominium's engineer, lawyer, auditor and investment adviser also play a critical role in the development process.
When projects are being developed, it is wise to involve the property manager from the beginning as his/her input on the process is vital. Addressing issues and concerns together as they arise will help maintain a harmonious and healthy working relationship.
The board of directors' relationship with the property manager can be a complex one when each offer different ideas on ways to accomplish a task.
If the task is executed code de triche gta 5 by the parties involved, it can be mutually rewarding and increase the value of the building.
As a Director, keeping maintenance fees low and generating new ideas to reduce operating costs is paramount, such as moving towards new energy efficient programs and technology.
This is not always easy especially if the reserve fund is compromised when dealing with a deficit budget.
Difficult situations in a manager's job can arise when Board members step down or upon the institution of a new Board. The most devastating situation is being involved in a requisition meeting for the removal of a Board. This is a time where exceptional managers adapt and more inefficient ones succumb to the anxiety of change.
Change can be good, but it can be problematic if a large scale project is terminated and/or the new Board does not agree with the project even after corporation money has already been spent. |
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
