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Extra Expense or Added Benefit?
Author:
Bill Colucci
Publication date:
October 11, 2019
Article Summary:
The article proposes hiring "professional directors" for condo boards to improve decision-making. These experts can bridge knowledge gaps and offer unbiased perspectives. Property managers may hesitate to challenge the board, while professional directors can provide candid advice. Despite initial costs, they are seen as an investment that can save money and time. Skilled managers are potential candidates, but they must be elected and require a remuneration bylaw. The concept of professional directors is not new but worth considering for evolving condo industries.
Keywords:
Condominium board, directors, professional directors, decision-making, property manager, expertise, unbiased perspectives, investment, cost-saving, skilled managers, remuneration bylaw, evolving condo industries.
Source Citation:
Bill Colucci
Extra Expense or Added Benefit?
October 11, 2019
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