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Amendments were made in 2024, requiring condominiums with 25 or more units to have a website. HB 1203 makes it clear that HOAs need a website, just like condominium communities. Mandatory reserve fund requirements This news should not come as a surprise to any Florida condominium community. Recent U.S.
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. Community managers The need for experienced managers is not disappearing. Does your association employ a community manager? Read on to find out.
HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. The condominium disclosure statement must also include the most recent reserve study, as per Section 81-409. There are 13 states that require a reserve study or a reserve schedule for condo associations.
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. What if we need help with reserve management? Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.
While it is marketed as a measure to provide relief for renters, it poses serious concerns for property owners, managers, and landlords. In this blog post, we will delve into the details of Proposition 33 , how it could affect the real estate market, and why those involved in property management should consider voting no.
The FCAR Researches Aging Infrastructure Because aging infrastructure has been a problem for many HOAs, the Foundation for Community Association Research (FCAR) did some research in 2018 to find some answers that could help HOAs move forward. … Take the time to identify a qualified engineer and project manager.”
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