Going Indie: Transitioning to Be an Independent Condo Board
There’s a certain appeal to striking off and doing things on your own. The idea of being in control of your own destiny and not being beholden to anybody definitely brings with it a specific sort of satisfaction and empowerment. That, and a sense of sheer underlying terror that if anything goes wrong, you’ve only got yourself to fall back on. Kidding! We’re just kidding about the terror thing. Well, mostly, anyway. The truth of the matter is that whenever you embark on any sort of independent journey, there is definitely both risk and reward involved. That goes for moving out on your own, starting your own business…or even transitioning your condo board to be an independent entity. There are plenty of positives that come along with running a self-managed board – but those positives don’t come without taking on a certain amount of risk at the same time. Keep informed and make smart decisions, though, and you should find yourself mostly safe from the perils and pitfalls some indepen...