Why Is It So Hard to Get Quorum (and New Board Members) in NYC Coops?
If you’re on a coop or condo board, you already know: getting enough shareholders or unit owners to show up at the annual meeting can feel like pulling teeth. And when it comes to finding people willing to run for the board? That’s often even harder.
Effective Habit #4 Think “Win-Win” or “Give and Take”
As the decision-maker, the board is in charge and needs to set the overall tone. Only when there are clear goals, systems and plans, will all of the involved parties in the organization thrive.
It is not uncommon that boards and residents tell us that their staff is lazy or is in “cahoots” with the managing agent. It is also not uncommon to hear that boards are unhappy with their managing agent. We could give you a very long list of all the reasons they think so, but in reality, the culprit is more often than not the board.
7 Habits of Highly Effective Coop Boards
Have you ever heard of a motivational self-help book for Co-op and Condo Boards? Neither have we. This adaptation of Stephen R. Covey’s 1989 Free Press book “The 7 Habits of Highly Effective People” is a self-help book for Co-op and Condo Boards detailing how to run a more efficient building.
6 Top Resources for New Co-op and Condo Board Members
This is Election Season for most NYC co-ops and condos. You have been recently elected to the board of your co-op or condo, your largest investment: now what do you do? You may be the best Attorney, CPA, Consultant, or Financial Advisor on the planet, but how much do you know about running a building?