Condo Control

FEBRUARY 14, 2025

Densely populated high rise condominiums have always been budget conscious. In order to avoid angering residents by issuing hefty special assessments or maintenance fee increases, boards and managers are doing what they can to offset the high cost of maintaining a condo. But this year is different. million for a 300-unit building.

Condominium

HOA Managememt

SEPTEMBER 12, 2024

These bills affect both homeowners associations and condominium associations. They must also complete a state-approved condominium education course. HB 1029 For Condominium Associations Effective July 1, 2024, HB 1029 introduces the My Safe Florida Condominium Pilot Program. This certification is valid for four years.

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

MAY 7, 2025

Condominiums are sometimes praised for their inventive designs. However, structural integrity, an equally attractive trait, probably doesnt get enough attention from condominium communities. If this happens, the entire condominium could be at risk of collapsing. What does the inspection cover?

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

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

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 ! Condo Control also allows staff and residents to easily find information in its document database.

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

DECEMBER 6, 2024

cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation. Managers went above and beyond to ensure owners and residents got the information they needed, and operations continued to move forward. This survey is completed every other year. A few thousand participants who live in U.S.

Condominium

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 Management

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

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

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

Mem Property Management

FEBRUARY 5, 2025

mem property management corporation, a full-service condominium management firm headquartered inNew Jersey has proved the unparalleled effectiveness of its disaster readiness plan in the aftermath of Superstorm Sandy. For mem property management, NJ comes first.

Property Management

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. By understanding these differences, you can make an informed decision about which option suits your lifestyle and financial goals. What does that mean?

Rent

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 Management

MRI Software

DECEMBER 9, 2024

Residential asset class Residential properties include familiar living spaces like single-family homes, condominiums, and townhouses. Single-family homes: Often lower maintenance and a popular choice for beginner investors looking for straightforward management.

Real Estate

Florida Property Management

FEBRUARY 9, 2024

This leads to a decline in the overall quality of rental housing stock and can exacerbate issues such as poor maintenance and inadequate living conditions. Landlords facing rent control regulations may be less inclined to maintain or upgrade their properties, as they cannot fully recoup their investments through higher rents.

Rent

MRI Software

DECEMBER 12, 2023

Whether you’re looking to rent, buy, or invest, understanding these types is crucial for making informed decisions. Condo A condominium, known as a condo, is a private residence within a larger complex or building where each unit is individually owned. These units can range from high-rise buildings to townhouse-style layouts.

Single-Family Home

Real Property Management DC Metro

AUGUST 11, 2023

You’re on the right track to depend on your rental income if it comfortably pays all of your bills, including your mortgage, property taxes, insurance, maintenance fees, and personal living expenses. To make an informed investment decision, analyze rental market trends, vacancy rates, and average rental costs in the selected area.

Rental Property

Property Management Inc.

NOVEMBER 26, 2024

Whether you're renting an apartment, condominium, or commercial space, effective communication with your property manager is essential for resolving issues and ensuring a positive rental experience. Dealing with a property manager who ignores your concerns or requests can be frustrating and challenging.

Property Management

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. In order to get the information, you can actually go online and search for the CPI in your specific market. Maintaining, committing or permitting the maintenance or commission of a nuisance.

Lease

Mem Property Management

SEPTEMBER 4, 2024

The business judgment rule is a presumption that in making a business decision, the directors of a corporation acted on an informed basis, in good faith and in the honest belief that the action taken was in the best interests of the corporation, in this case, a not-for-profit corporation or homeowners association. Did you utilize care?

Government

Condo Control

FEBRUARY 13, 2025

HOAs must keep homeowners informed, collect payments (in the form of fees or dues) and advertise the community to prospective homebuyers. This helps with information sharing while being mindful of security and privacy. A website is one tool that will help HOA members to stay informed and involved.

Government

Rental Housing Journal

MAY 12, 2025

Ferguson also signed other bills covering everything from property-tax relief for disabled veterans to encouraging construction of so-called middle housing options like condominiums. It also limits rent increases for manufactured homes to 5%. Washington needs more affordable housing a lot more, Ferguson said in a release. Last month, Rep.

Rent

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