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

Condo Control

So, prioritizing the financial health of your communities is the first step to maximizing profitability for your own organization. Comprehensive budgeting Ignorance is not bliss when it comes to financial management. Your staff may already be responsible for assisting with this responsibility.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Because of their capacity to improve an investors cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties are a popular type of real estate investment. Are you taking that big step and purchasing your first multifamily property?

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How to increase the annual budget while making your condominium more bike friendly

Condo Control

Would you consider your condominium to be bike friendly? of bike amenity space into their new condominium. Bike racks dont require too much maintenance, so those annual payments will add up over time. With fewer complaints to process, management has more time to focus on other tasks.

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An introduction to exterior condo safety inspections

Condo Control

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?

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Ways to prolong your condo elevator’s useful lifespan

Condo Control

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.