Secrets of Successful Co-op & Condo Boards What Makes Them Tick?

It’s an oft-repeated refrain that condo and HOA boards are groups of unique individuals with their own perspective and opinions, so no two boards are ever the same. That being said, there are certain overall organizational characteristics that can unify a board and help its members run their building smoothly and efficiently.

Diversity is Key

One of the leading characteristics that makes a board successful is having members who come from diverse personal and professional backgrounds. Another key is working together and not going against the grain, says Jory J. Carrick, the president of Williamson Management, Inc., in Bensenville, Illinois.

“My definition of success would be every board member understands their role, works as a great team, and really works for the betterment of the association in the short and long term. They also must have an historical understanding of where the association is, and they have a good plan of where it needs to go, and they all work in unison in trying to get there.”

Managers agree that each person brings a unique skill set to an association board and the key is identifying how each member’s skills can mesh together for just the right mix.

A board that’s top-heavy with accountants, or engineers, or retired teachers may lack the breadth of experience—and variety of ideas—that will be found on a more well-rounded board. Since every board member brings his or her own professional and personal experiences to the job, with a wide range of backgrounds, it’s more likely that new ideas will surface. At the same time, it’s essential for those people to be willing to listen to each others' perspectives.

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Comments

  • In the turnover process, after 10 years, of an 18 unit condominium what is prevailing opinion for having the the dedicated developer take a board position for at least the first year?