Playing the board game.Getting on to a condo or a co-op board requires a significant investment --both in time and sweat equity Sweat Equity The equity that is created in a company or some other asset as a direct result of hard work by the owner(s). Notes: For example, rebuilding the engine on your 1968 Mustang to increase its value. . As president of a Greenwich Village Greenwich Village (grĕn`ĭch), residential district of lower Manhattan, New York City, extending S from 14th St. to Houston St. and W from Washington Square to the Hudson River. co-op board, I can attest To solemnly declare verbally or in writing that a particular document or testimony about an event is a true and accurate representation of the facts; to bear witness to. To formally certify by a signature that the signer has been present at the execution of a particular writing so as firsthand first·hand adj. Received from the original source: firsthand information. first to the labors involved. Rarely does a day pass when I don't don't 1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. receive a call from a shareholder who wants to ask a question, complain about a neighbor or discuss a pending issue. But to me, it's all worth it, for we board members are watching over and enhancing the values of our most important asset--our homes. A co-op or condo board generally seeks someone whose occupational skills can benefit the board, but if you're simply a resident with good ideas, you usually can get on a board if you do your homework. People usually want to join a co-op board for two main reasons: They want their opinions heard and they want to add value to their building. Although a board exercises firm control over budgetary matters, anyone can bring improvements to a building. In fact, such action often proves the ticket to an eventual board seat. When moving into a new building, you should wait at least one to two years before attempting to earn a seat on the board. Get to know your board members, house rules and the building's financial picture. Attend the annual board meetings, participate in committee meetings and volunteer to help wherever needed. Some boards technically close monthly meetings to non-members, but most board members will appreciate your interest and will remember it when a board seat opens. Meanwhile, there are many different ways you can add value to your building without being on the board. Board members love a shareholder who finds creative ways to make a building more attractive. Shortly after moving into my building, I started a children's reading group, making more use of an underutilized area of the lobby that a former board member thought would make a great library. A group of us also organized to obtain a defibrillator defibrillator, device that delivers an electrical shock to the heart in order to stop certain forms of rapid heart rhythm disturbances (arrhythmias). The shock changes a fibrillation to an organized rhythm or changes a very rapid and ineffective cardiac rhythm to a (AED AED - Automated Engineering Design ) machine for the concierge desk. In case a resident suffers a heart attack, the concierge is equipped with a list of residents who know how to use the machine to revive To renew. For example, revival is the act of renewing the legal force of a contract or debt, either by acknowledging it or by giving a new promise, when the contract or debt is no longer a sufficient foundation for a lawsuit because it is barred by the running of the Statute the victim. Our board also holds annual toy drives during the holidays to benefit the Children's Aid Society
The Children’s Aid Society (CAS) is a private charitable organization based in New York City. . These warm-hearted touches make any building more attractive. We also maintain a frequently updated Web site more with our building's information. All these perks perk 1 v. perked, perk·ing, perks v.intr. 1. To stick up or jut out: dogs' ears that perk. 2. To carry oneself in a lively and jaunty manner. might seem small by themselves, but each makes the property much more desirable. At our board meetings, we usually advise shareholders in advance when vacancies arise on the board and request a one-page resume detailing the backgrounds of interested parties and what they can add to the board. At this stage, shareholders are most interested in hearing candidates' goals. If your goals are popular, shareholders will vote for you. The most important qualities on a co-op or condo board are smart management, common sense and good ideas. You should acquire your smarts before you join the board. For instance, know the shareholders from the rental tenants and understand that the board is not responsible for tenant issues. If you're fortunate enough to be elected to a board, don't just talk a good game. Take action on your proposed improvements. A shareholder or condo owner who rolls up his or her sleeves and gets involved will always command respect. ADELAIDE POLSINELLI SENIOR EXECUTIVE BROKER BESEN & ASSOCIATES |
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