HOA Managememt

SEPTEMBER 12, 2024

These bills affect both homeowners associations and condominium associations. This certification confirms that they have read the association’s governing documents, will uphold them, and will faithfully carry out their duties. They must also complete a state-approved condominium education course.

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. However, an HOA’s governing documents may require a reserve study. However, an HOA’s governing documents may require a reserve study.

Government

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

Condo Control

NOVEMBER 11, 2024

Motivated by the Surfside condo collapse, lawmakers don’t ever want to see another community in the same position as the Miami condominium ended up in. Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.

Condominium

Condo Control

DECEMBER 6, 2024

Governed communities are getting harder to avoid. Considering more Americans will be living in governed communities, we thought it would be interesting to see what trends have shaped these communities over the past 6 years. cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation.

Condominium

Condo Control

MARCH 6, 2025

Read on to find out how high-rise condominiums are currently using AI to streamline operations and improve resident satisfaction. Thats 1/5 of condo fees going to maintenance ! Thats 1/5 of condo fees going to maintenance ! Upload governing documents, and STAN can analyze them in a matter of seconds.

Condominium

Bay Property Management Group

NOVEMBER 18, 2024

These HOAs are run by a board of directors and usually collect monthly or annual fees as a means to cover the costs of common areas, amenities, and general maintenance of the community. A property owners association or POA is the word used for an organization that manages and governs a community or residential area. What is a COA?

Government

American Apartment Owners Association

DECEMBER 9, 2024

Property Condition: Make sure the replacement property is in good condition or has manageable renovation needs to avoid high maintenance costs. Types of Properties Eligible for a 1031 Exchange While the term like-kind can sound limiting, it encompasses a broad range of investment properties. Final Thoughts: Is a 1031 Exchange Right for You?

Real Estate

Rental Choice

APRIL 4, 2024

Rent Control Some areas have government-mandated rental caps. Similarly, you can charge higher rental rates if the apartment, condominium, or community has amenities like gyms, pools, on-site parking, or co-working spaces. Websites like Apartments.com and HUD’s fair market rents may help.

Apartment

Authority Property Management

JULY 26, 2024

Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. If Proposition 33 passes, these restrictions would be removed, enabling local governments to implement rent control on any type of housing, regardless of when it was built. New constructions built after February 1, 1995.

Real Estate

Nest DC

JUNE 22, 2023

After single-family row homes and townhouses, condominiums (condos) and cooperatives (co-ops) are two popular housing types in Washington, DC, for potential buyers. When you purchase a condominium, you are buying an individual unit within a larger building or complex. What does that mean? And, is it important? Is it co-ops or condos?

Rent

Mem Property Management

JULY 24, 2024

In this article: The Importance of an HOA Electric Car Charging Policy Understand Your Governing Documents Who Pays for Electric Car Charging Stations? As a result, these communities lack the guidance and provisions they require to govern the installation and management of charging stations.

Government

Real Property Management Choice

MAY 23, 2024

Unless: You’re renting out a single-family home or a condominium and you are not part of a corporation or a REIT. Maintaining, committing or permitting the maintenance or commission of a nuisance. It would include structural, electrical, plumbing or mechanical systems that require a permit from a government agency.

Lease

Mem Property Management

SEPTEMBER 4, 2024

Governing Documents The declaration, bylaws, operating rules, articles of incorporation or other documents which govern the operation of the association. The governing documents , sometimes referred to as the CC&R’s (Conditions, Covenants, and Restrictions) is where the HOA and the board get their authority.

Government

Condo Control

FEBRUARY 13, 2025

Administrative tasks, such as maintenance requests or payments, can be streamlined and automated when they are brought online. There are hosting fees and maintenance fees to consider in addition to the initial cost of the site Has the board spoken with an attorney about the website and what information should be gated?

Government