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Community association trends: What’s changed in 6 years

Condo Control

Are communities doing better today than they were in 2018? cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation. 80% of cooperatives worked with a manager or management company in 2018. Just how much have fees increased? Read on to find out.

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Reserve study requirements by state

Condo Control

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. Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.

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HOA Reserve Study Requirements By State

HOA Managememt

HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. 3) An estimate of the cost of repair, replacement, restoration, or maintenance of the components identified in paragraph (1). (4) ” Colorado These are the Colorado HOA reserve study requirements.

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Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. Maintenance and Upgrades With capped rental income, property owners might find it challenging to maintain and upgrade their properties. Similar propositions were defeated in 2018 and 2020. New constructions built after February 1, 1995.

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Addressing the Ongoing Issue of Aging Infrastructure in HOAs

Property Management Inc.

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.