HOA Managememt

SEPTEMBER 12, 2024

Board members and community managers alike have a duty to ensure legal compliance. These bills affect both homeowners associations and condominium associations. They must also complete a state-approved condominium education course. HB 1021 For Condominium Associations Governor DeSantis signed HB 1021 into law on June 14, 2024.

Condominium

Condo Control

JUNE 19, 2025

While that seems relatively long, consider this: it can cost $200,000 to $300,000 to replace a single elevator cab in a condominium! Preventive maintenance: the key to reducing elevator costs Now that you have a greater understanding of how much it costs to replace a condo elevator, let’s explore ways you can prolong its useful life.

Condominium

Condo Control

NOVEMBER 7, 2024

A condominium or strata may charge costs that it sustained because of an owner’s actions or omissions back to them through common expense fees. In Ontario, the Condominium Act explains when condo corporations can charge back costs to the common expenses of an owner. What are chargebacks? As such, some provinces do fine condo owners.

Condominium

HOA Managememt

OCTOBER 28, 2024

HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. 3) An estimate of the cost of repair, replacement, restoration, or maintenance of the components identified in paragraph (1). (4) ” Colorado These are the Colorado HOA reserve study requirements.

Government

HOA Managememt

AUGUST 27, 2024

These include managing maintenance schedules, handling financial transactions, enhancing security measures, and facilitating communication with residents. Preventive Maintenance AI can predict maintenance needs before issues become critical, saving time and money. It covers various aspects of association management.

IT

Bay Property Management Group

DECEMBER 3, 2024

Every Landlord’s Guide to Managing Property by Michael Boyer Here, Boyer offers a window into tenant retention, basic property maintenance, finding good contractors, accounting, and other key tasks. Even better, he includes sample forms, like a maintenance log, for your reference. Here, John C.

Property Manager

American Apartment Owners Association

JANUARY 27, 2025

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

Property

American Apartment Owners Association

DECEMBER 9, 2024

The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations. Property Condition: Make sure the replacement property is in good condition or has manageable renovation needs to avoid high maintenance costs. Final Thoughts: Is a 1031 Exchange Right for You?

Real Estate

Authority Property Management

JULY 26, 2024

Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. Maintenance and Upgrades With capped rental income, property owners might find it challenging to maintain and upgrade their properties. New constructions built after February 1, 1995.

Real Estate

MRI Software

DECEMBER 12, 2023

From ensuring satisfaction for multiple tenants to tracking payments to handling emergency maintenance issues, managing these types of properties requires effort and expertise. The types of properties managed within this sector include condominiums (condos), townhouses, and any other residential buildings with multiple rentable units.

Property Manager

McKee Properties

FEBRUARY 10, 2025

Review Property Type Options Hillcrest offers diverse property types, including condominiums, single-family homes, and apartment complexes. Evaluate Property Conditions Pay close attention to maintenance needs when selecting a property. Properties catering to these preferences are more likely to attract quality tenants.

Single-Family Home

Mem Property Management

JULY 24, 2024

There is also the question of maintenance and who should pay for them. One option is to include the maintenance costs in the computation of HOA dues. The obvious alternative is to only charge the cost of maintenance to homeowners that use the charging station. These providers usually take care of maintenance issues and expenses.

Government

Real Property Management Choice

MAY 23, 2024

Let’s get started so you know how to structure your lease, your marketing, your screening , and your entire rental management plan in a way that keeps you in compliance. Unless: You’re renting out a single-family home or a condominium and you are not part of a corporation or a REIT. are not subject to rent control.

Lease

MRI Software

APRIL 1, 2025

Condos have become a popular choice for buyers seeking affordable and low-maintenance homeownership, and this trend has sparked interest among multifamily property owners. Many landlords are now exploring the potential of converting their rental properties into condominiums to unlock new opportunities for income and investment.

IT