Condo Control

NOVEMBER 11, 2024

According to SB 4-D , in addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. Section 81-315 states that minimum contributions to reserves vary based on the Reserve Study or a statutory formula based on number of common area components. This rule is very important.

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Property Management Inc.

NOVEMBER 26, 2024

April 10, 2018 By Cassie James, PMI Communications Manager Tax season can be stressful for solo entrepreneurs and landlords. If you paid an attorney or title company for legal services regarding your rental property, these expenses are deductible as well. Here are some common examples of these types of expenses.

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Property Management Inc.

NOVEMBER 26, 2024

This is why we often stress the importance of regular maintenance because issues only grow more costly when they’re not caught and taken care of early on. ” This result is a reminder of how important preventative maintenance and comprehensive reserve studies are to an HOA’s success.

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