Good catch!
All MangCo are not the same and tend to be as good as the Board demands -- but the rule should be: Trust but Varify. Also, put EVERY question in writing, start the Eamil trail.

Too many B/M consider the MangCo and PropAgent thier friends, while forgetting that they are employees whose agnedas differs from the S/H's. and whose work needs constant review and scrutizing.

We are in the process of trying to find missing monies from our accounts from a few years ago. We also discovered that our previous MangCo took the easy way out and -- by discontinuing the (legal) practice of having non-union workers fill in for vacation/sick days, we lost -- in one year -- over $60,000 by paying regulars to fill in. Regular staff is paid Union scale+benifits+etc while non-union is pay only for the hours they work. Its extra work for the MangCo to keep the non-union pool of workers.

As we go into LL11, no matter how "nice" your MangCo or PropMang are, and professional the engeener-- read the contracts, engeeners reports, take a visual tour and ASK questions. Once the work starts those expensive "Change of Orders", become a cash flow for the engeener. We discovered overlooked work during a visual tour of the building with the engeeners report in hand -- also private work on a B/M apartment was included in the cost. Too often, Common Sense trumps the experts.

If you see that the MangCo is tring to discourage questions or intimidate B/M who ask too many questions -- remember that its YOUR Money, and YOUR building -- and ultimatley the Board, if you do not do your due-dillegence (sp), is responsible.

If this sounds extreme -- its because we have experieced it all, and our Coop has learned an expensive and hard lesson. TRUST but VARIFY!
VP