Board Mismanagement ⭆ Unit Value ⬊ Financial Health ⬊ Reputation ⬊ Monthly fee ⬈
⇨ Strengthen condo’s reserves and maximize their use vs sp. assessment
⇨ Every major decision go through a cost/benefit analysis
⇨ Major projects include unbiased RFPs, key metric for decision making
⇨ Limit risk of disruption, reputation
⇨ Acknowledgment 24h + some Board response 72h
⇨ Quarterly live “check-ins” with Owners for better community
⇨ Helpful Minutes online after voted
⇨ Monthly dashboard updates for major projects
⇨ Everything to reach the quorum every year, incl. adjournment
⇨ Recuse themselves from voting if potential conflict of interest or moving
⇨ 5-year term limit
⇨ Board solicits owners inputs and fosters owners community
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