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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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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. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

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

Condo Control

Teams also have to worry about the rising costs of insurance, utilities, labor, etc. Condominiums and HOAs must have detailed annual budgets covering all expected income and expenses, capital improvements, and long-term projects. The cost of everything has gone up, forcing leaders to get creative.

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Airbnb Insurance for Hosts

Hospitable

Airbnb Insurance for Hosts By The Hospitable Team Beginner's Guides , OTAs Being an Airbnb host can help you earn extra income, but what if something happens to your vacation rental property when you open it to temporary guests? Airbnb started offering insurance for hosts in 2011. AirCover for Hosts: How Does It Protect You?

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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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3 Common Misunderstandings About EEE Inspections

American Apartment Owners Association

Exterior Elevated Element (EEE) inspections are a vital part of keeping California multi-family buildings safe and compliant under SB721 (for apartments) and SB326 (for condominiums and HOAs). Ignoring the cycle can lead to non-compliance fines, insurance complications, or liability if an accident occurs between required inspections.

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Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Delays in compliance could lead to legal actions from homeowners, insurance complications, and costly emergency repairs.