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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.

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How do license plate readers work in condominium buildings?

Condo Control

That being said, license plate readers can be effective access control solutions in condominium parking garages. Table of contents How do automated license plate readers work How are LPR systems used in condo buildings? The condominium must consider costs, make a maintenance plan, and determine who can review footage.

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New Florida laws for summer 2025: Is your condo impacted?

Condo Control

Although summer is a great time for a bit of rest and relaxation, Florida condominiums have some work ahead of them. Note that this bill is directed at condominium and cooperative associations. House Bill 913 , also known as the 2025 Reform Bill, came into effect July 1. The location must be provided in the association’s bylaws.

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Advanced financial strategies to maximize profitability as a condo/HOA portfolio manager

Condo Control

Condominiums and HOAs must have detailed annual budgets covering all expected income and expenses, capital improvements, and long-term projects. The report should also be reviewed annually. Investments In most cases, condominiums and HOAs can invest some reserve funds as long as there is enough money available for immediate needs.

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5 must-have condo hardware

Condo Control

But, we want to use this article to recognize some of the leading condominium hardware. But modern IP intercoms used in condominiums (and other buildings) also connect to the access control system, facilitating property access. Security cameras Condominium residents are entitled to a reasonable expectation of privacy.

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Regulatory compliance in condo/HOA management: Navigating evolving laws

Condo Control

A good example is the set of laws passed by the state of Florida following the Surfside condominium collapse. Check out the Community Association Institute (CAI), Canadian Condominium Institute (CCI), First Service Residential, or a few local law firms serving your area for classes, webinars and publications.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Are you taking that big step and purchasing your first multifamily property? Or are you an old pro adding another investment property to your real estate portfolio?