Being a community manager comes with many responsibilities, some of which are not outlined in the management agreement. One of the most difficult responsibilities that is typically not noted in the management agreement is making sure that the board members are adhering to their fiduciary duties. [Read more…] about Dealing with Boards Who Do Not Adhere to Their Fiduciary Duty
The relationship between a board of directors and a community manager is a business relationship. In any good relationship, whether personal or business, there is a reasonable expectation of treatment of all parties involved. Since the manager has been hired by the association’s board of directors, there is an expectation that the manager will show respect to the board members as they are, in essence, the manager’s bosses. Unfortunately, if respect is not reciprocated toward the manager from the board, the business relationship can become weakened.