Picture this, its 9 pm on a Thursday and you are huddled around a kitchen table. You have been sitting in the same wooden kitchen chair for 3 hours, and you have entirely lost the feeling in your right butt cheek.
There’s a platter of cheese and crackers that have barely been touched aside from one new person who wasn’t aware he should have dinner before the meeting. Then your mind begins to drift thinking about home and the night you missed stuck in this meeting.
Catching yourself zoned out, you drift your eyes around the table to make sure no one else noticed that you haven’t been paying attention. You then realize that everyone else also is completely zoned out deep in thought. That is except for one individual who has been talking for the last 45 minutes reading line by line some report he completed on owners dog poop pick up.
You drift back off again daydreaming of never joining a Condominium Board again.
Sound familiar? What a nightmare. Don’t worry; I have been there as both a manager and a member of the Board of Directors. I know the thoughts and dread. This is just one example that you may be failing as a Board.
Below are seven signs which will indicate if your Board is failing:
- Politics and drama - feel like you are in an episode of Survivor Australia?
- Long unproductive Board meetings- sorry, can you say that again? I was asleep.
- Large volumes of email discussion - forward to Junk.
- Lack of decisions being made - I vote, let’s go home.
- Special levies - huh a budget? What’s that?
- Board turnover - Sorry people I need to keep the hair I have left.
- Everyone must agree to everything - disagreeing with me is strictly prohibited.
If you have one or more of these issues, I can likely bet you are frustrated somehow. I can also probably guess that your corporation is underperforming. But don’t be discouraged. Just take reasonable measures to change so you as a Board can run a successful condominium.
So what is the solution? The best first step is to ask your property manager, advisors, or other team members who won’t be biased for honest feedback on what you as a Board are doing well and what needs work. Then have an open discussion with your Board members on how to improve.
Braden Equities Inc. is an Alberta owned and run Property Management company, servicing Edmonton and area for over 25 years. We strongly believe in focusing on our team, getting things done, and being financially literate to help our Boards.
If you are a Board in Alberta looking for property management services or need some advice. Give us a call we are always happy to help.