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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? But, infrared illuminators are required due to the unique reflective properties of license plates.

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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? Get started by viewing .

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

Condo Control

One comprehensive study found that over 90% of property management companies had growth as their #1 priority. Acquiring more clients is one of the main ways property management companies can generate additional revenue; however, companies can also lose good clients if they try to take on too much work or reduce their service standards.

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New Florida laws for summer 2025: Is your condo impacted?

Condo Control

Although summer is a great time for a bit of rest and relaxation, Florida condominiums have some work ahead of them. Note that this bill is directed at condominium and cooperative associations. House Bill 913 , also known as the 2025 Reform Bill, came into effect July 1. The location must be provided in the association’s bylaws.

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5 must-have condo hardware

Condo Control

But, we want to use this article to recognize some of the leading condominium hardware. But modern IP intercoms used in condominiums (and other buildings) also connect to the access control system, facilitating property access. Security cameras Condominium residents are entitled to a reasonable expectation of privacy.

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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. Get updates from your property manager or lawyer If you belong to a board that has hired a property manager, make sure you’re getting updates on new legislation regularly.