Property Managers & Conflicts of Interest

Jun 29, 2018 10:06 AM
Grant Dewey
How do you work through a board member choosing to work for the current CAM company?  What should be done about potential conflicts of interest, such as approving checks/payments for the company that employs you?

 

Jun 29, 2018 10:47 AM
Craig F. Wilson, Jr
A competent and forthright management company would never have an individual who serves on the Board of a client association have anything to do with the management duties with regard to that client.  If they do, they are, at best, foolish.

Additionally, the Board member working for the management company should always recuse themselves from any discussion and/or vote on any matter even peripherally related to the management company, but most definitely relating to their contract or performance.

Personally, if my company managed the association where I lived, I would not want anyone to even know that I worked for the management company.

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Craig F. Wilson Jr., CMCA, AMS, PCAM, President
Vanguard Management Associates, Inc.
Germantown, MD
(301)540-8600 x3305
cwilson@vanguardmgt.com
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The above posts were made by CAI (Community Association Institute) members to the association forum. Spadina Towers has probably the worst of management/Board conflict of interest issues in the country.  Only a fool would not agree with the urgency of contracting a TOTALLY INDEPENDENT PROPERTY MANAGER that has no association with Board members. These conflicts have cost our owners hundreds of thousands of dollars for unnecessary and illegitimate expenditures that have never received the required legal approval as per our Bylaws and the Condominium Property Act.

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