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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

Condominiums and HOAs must have detailed annual budgets covering all expected income and expenses, capital improvements, and long-term projects. The report should also be reviewed annually. Investments In most cases, condominiums and HOAs can invest some reserve funds as long as there is enough money available for immediate needs.

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Is now the time to buy a condo in Toronto?

Condo Control

But, making such a large purchase always comes with risks that need to be evaluated. The price is right It’s still a stretch to say that Toronto condominiums are affordable, but prices are certainly more reasonable now than they were 3 years ago. Q1 2025 condominium sales amounted to 3,794 in the GTA, down 21.7%

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Florida Short-Term Rental Laws 2025: What Property Managers Need to Know

Avantio

Under Chapter 509 of the Florida Statutes, a “transient public lodging establishment” , such as a short‑term rental, is defined as any housing rented for 30 days or less, more than three times in a calendar year, or advertised to the public as rented regularly to guests. Create a DBPR Online Account via the DBPR license portal.

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5 ways for high rise condominiums to save money in 2025

Condo Control

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.

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6 Reasons to Hire a Chicago Property Manager

Real Property Management Chicago

However, as you quickly discovered, researching city ordinances, advertising your rental, responding to maintenance requests, and making sure your tenants pay rent are way more time consuming tasks than you had imagined. Maintenance: Maintenance issues are inevitable for any rental property.

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All About Multifamily Investing – The Ultimate Guide

Bay Property Management Group

Monthly rent checks make a difference for many who want to see that come in and create that flow of money. Apartments – Apartments are usually owned by a single entity, with each unit rented out to residents. Condominiums – The ownership of a condominium is divided by each unit.