New York's Cooperative and Condominium Community
As board pres for a several years now, I would love to get out. The problem is that I know too much. No others have stepped up, or seem to be willing to do so, such that I would feel comfortable handing over the reigns to others.
I am sure others feel the same.
Unless your building is in crisis, why not step back and let others give it a shot. It may be worth seeing whether they can keep the ship afloat. I "knew too much" as well, but in my case it was what a poor long-term investment my building was. I wasn't willing to put in the time to turn it around, and was happy to find a better place to live. One advantage to having been board prez or treasurer, you know what to look for, and what to avoid, in a new investment.
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As a treasurer, I feel the same way. Whenever I try to leave items for other people to do, it either doesn't get done, or gets done poorly. After 5 management companies and about 22 agents, only a couple of agents could compose a decent letter. I guess I'll be on the board until I sell.
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