New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

Subscribe for Daily Updates!
Sharing infoJul 05, 2007


You're absolutely correct, AdC.

Trust is undeniably critical in leadership.

Most co-op shareholders need plenty of reassurance that the maintenance fees they pay are going to good use. (I'm assuming that a co-op is well run and without waste.) How many people balance their checkbooks? If that's too much hassle (I don't balance my own, I admit), then it's too much to ask that all our neighbors understand corporate finance.

Part of the solution is regular communication. Run-of-the mill stuff can go in a conspicuous public place. We find the elevator ideal for construction updates and whom to contact during the super's vacation.

Sensitive topics can go out in the mail, either from the property manager (a reminder to follow recycling rules) or from the board (explanation of new house rules).

All of these notices can help to remind people how their money is being spent (on the construction; on recycling fines; paying for someone to cover the super during his vacation).

Some boards go as far as allowing shareholders to attend a portion of the board meeting.

And always leave a phone number or e-mail address so residents can contact a board member. When they do, reply!

Join the Conversation Comments (1)
On trust - AdC Jul 09, 2007


Trust goes beyond mere communications. In fact, I will disagree to what you proposed. HATE things posted on elevators to be exposed to visitors and potential buyers, letters from managers and the board as general reminders, etc.

When I wrote my message, I meant HUMAN TRUST and KNOWING function. Example:

When we go to the POLICE, we place TRUST in this enforcement body because it is our understanding that their BUSINESS PROCEDURES (enforcement procedures guided by the LAW or CODE) will lead to some GOOD (PREVENTION, CAPTURE, SURVEILANCE ETC.) so that ORDER is again imposed in society.

Thus, boards need to develop and/or review periodically its business procedures that will lead to some good. Sound procedures established and periodically reviewed by the board are translated in good management, good response from the employees, good admissions policies, etc. All of those things that chatroom visitors complain about here.

Apparently, there are many individuals that post messages here, i.e., Alice T, Big AL, etc. whose level of TRUST in the BOARD is minimal.

However, WHO WANTS TO RUN FOR A BOARD when the trust level is minimal? when Alice T is advocating in trying to collect e-mails from shareholders to blame board members? Isn't this what is happening today in US politics? Who trusts anyone when we are ready to accuse, get dirty laundry out, or not give a chance to anyone?

TRUST is key! Knowledge of the function is key for board members too. This is why I mentioned how board may also build TRUST:

1) Business procedures that are sound and enforced in all areas by professionals and staff.
2) Open and honest communications with shareholders.
3) Taking the "hardball decision" when required.
4) SERVE above all since they were ELECTED at the PLEASURE of shareholders.

FYI - Taking "hardball decisions" would be the most difficult. It translates for me, "I don't care if I am not elected again! I did what my conscience and fiduciary duty called for!!!" This is why I tell shareholders, "I never promised you a rose garden."


AdC


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (2)
Public notices - Steve Jul 09, 2007


AdC is certainly on-target. And while I agree with him that trust must be created and maintained in many ways, I still believe that messages in public places can be one of those tools.

Using AdC's point about exposing visitors and potential buyers to building info, I suggest that boards do not post things about the latest vermin infestation, reminders that shareholders in arrears will be assessed fines, or notes telling people to pick up their dog's poop. That sort of thing should be done in personal mail.

On the other hand, notices about improvements -- "Painting in the hallways begins Tuesday morning" -- or upgrades -- "The workout room now has a new DVD player" -- or routine maintenance that affects residents -- "Hot water will not be available Thursday between noon and 4" -- can be an effective way to let everyone know what's going on. And when these messages promote good things (repainted walls, new equipment in the fitness room), they can help sell the building.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
Trust the Board? Checks and Balances works - AliceT Jul 10, 2007


I agree it would be nice to Trust the board. But, we live in a real world, and personal agendas of Board members have almost ruined our building. And, because we began to REVIEW and QUESTION their decisions, in the last three years alone, we have saved ariybnd $100,000 by stopping work that the former Pres of the Board (and the man co) wanted to approve, but as it turned out -- was TOTALLY unecesarry.

The Forth Estate, as deemed by the founding Fathers of our nation -- is the Free Press. And with the Free Press we have Checks and Balances... And with our Emails (which were signed and there was no spying or whatever) or pititions, we became the Fourth estate in our building. With every layer the NEW board peels back, they find old problems that were never addressed. Avenues of revenue that were ignored for personal reasons or incompentence.

You are starting to sound like one of our Old board members who wanted to conduct secret meetings, keep the Board min secret and refuse to answer to any shareholder who questioned a decision or how THEIR money was being spent, and why a few Board members did not need permits for the renovations in their apartments.

No matter how much you may not like the Email Power, it was through Shareholders bonding together that we were able to change things.
ONE MORE THING: As for sneaking around and spying on the Board. We discovered that the IN-YOUR-FACE peition, and the signed, dated EMail Trail, was the best way to change things...As for finding people to run for the Board, after the Shareholders saw that we ould make a diffrienc, we have more than enough people running for the Board. And we replaced most of the old Board.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)
To each his/her own - AdC Jul 11, 2007


AliceT

I'm sorry to give you my impression of a co-op whose mode of doing "check and balances" is based on e-mails of shareholders being manipulated by one or a reduced number of individuals who may have well founded or not so well founded information on what is going on:

Just simple ANARCHY!!!

Perhaps the tactic worked well to remove an ineffective board, but once done, the co-op has to grow and new boards have a need, if not an obligation to construct SOLID TRUST on effective business practices.

In other words, the TIME OF TERROR is over!

AdC



Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)
Emails work - AliceT Jul 11, 2007


If the Board is honest, and doing the right thing, than they should have no problem with sending out min or talking with SH, or sending Email varification.

There was no Anarchy, secret spying or whatever else you seem to think we were doing. We were direct, straighforward and the more we found out, the more direct and straight foward we became. And because over 80% of the SH (and one major sponsor) bonded together, sent SIGNED Emals and pititions etc,,, it was hardly a Time of Terror.

The Terror was for the Board members who had been in charge for so long, seeing thier power and the SH apathy dissapear were the ones who were terrified.

We, the Shareholders of our building, took our building back, in a very open and honest way. And its now on the road to recovry. Why do you so object to this? We do trust our new board. And the new Board members, having been on the other side, know the value of transparency and Email verification. The Board also has to TRUST the SH. We are a group of professionals, who care about our investment.

I have very much appriciated the business-like exchanges of information on Habitat, and at this point dont see that this is a productive exchange of information or ideas, so this is my last response to you on this subject.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

Introduce yourself to other members of Board Talk! Log in below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?