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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

Maximizing profitability as a condo or HOA portfolio manager is always a top goal. One comprehensive study found that over 90% of property management companies had growth as their #1 priority. In the context of property management, an implicit cost could be the amount of time a manager spends performing manual tasks.

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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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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. There are a few strategies that will make this task more manageable. Your manager should be available to guide you through legislative changes.

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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. These hardware systems also integrate with your favourite condo management software.

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California’s New Real Estate Laws for 2025: What Investors Need to Know

Beach Front Property Management

SB 326 (HOA Exemptions & Separate Condo Rules) Condominiums managed by HOAs follow a different inspection process but must comply with SB 326. Non-Compliance Penalties: Failure to comply may result in civil penalties, fines, or liens on the property. Subsequent inspections must be conducted every six years.