Condo Control

NOVEMBER 11, 2024

Many states have or are considering enforcing laws that regulate reserves. 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. Reserve funds and studies have become a hot topic among condo and HOA communities.

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

Bay Property Management Group

NOVEMBER 18, 2024

A homeowners association (HOA) is an organization in a planned community or another type of group housing development that creates and enforces its own local rules and regulations for the houses and residents in that community. The regulations and dues for one HOA vs another HOA can vary a lot. They are also regulated in various ways.

Government

Condo Control

DECEMBER 6, 2024

cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation. If you live in a condominium or homeowners association, does your community have a reserve study to help plan for repair and replacement of major components owned by the community? This survey is completed every other year.

Condominium

American Apartment Owners Association

DECEMBER 9, 2024

To comply with IRS regulations, you must adhere to the following rules: 45-Day Identification Period: Within 45 days of selling your property, you must identify potential replacement properties. The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations.

Real Estate

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

Rental Choice

APRIL 4, 2024

Make sure to review the laws in your state so you’re not violating any local regulations. 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. You can also ask a lawyer or legal professional for advice or guidance.

Apartment

Beach Front Property Management

OCTOBER 2, 2024

Multifamily investing is a real estate strategy focused on properties that accommodate multiple residents, such as apartment complexes or condominiums. They may face functional issues, have outdated designs, or require maintenance and renovations. What is Multifamily Investing?

Real Estate

Authority Property Management

JULY 26, 2024

Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. 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

Florida Property Management

FEBRUARY 9, 2024

Moreover, rent control discourages new construction, as developers are hesitant to invest in markets where their potential returns are limited by regulations. 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

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

FEBRUARY 2, 2025

These property types offer unique benefits, depending on whether youre looking for a low-maintenance home, a rental property, or a mix of both. A condo, or condominium, is a privately owned unit within a larger multi-unit building. What are the ownership and maintenance responsibilities of a condo? is about $300.

Finance

McKee Properties

FEBRUARY 10, 2025

Review Property Type Options Hillcrest offers diverse property types, including condominiums, single-family homes, and apartment complexes. Evaluate Property Conditions Pay close attention to maintenance needs when selecting a property. Properties catering to these preferences are more likely to attract quality tenants.

Single-Family Home

Mem Property Management

JULY 24, 2024

There is also the question of maintenance and who should pay for them. One option is to include the maintenance costs in the computation of HOA dues. The obvious alternative is to only charge the cost of maintenance to homeowners that use the charging station. These providers usually take care of maintenance issues and expenses.

Government

Mem Property Management

SEPTEMBER 4, 2024

Condominium and townhome owners will need to have a personal lines policy (HO-4, HO-5, HO-6, etc.) You may have to make unpopular decisions such as raising the assessments to cover increasing costs for insurance, landscaping, or repairs and maintenance expenses as buildings get older.

Government

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