Remove 2018 Remove Maintenance Remove Regulation
article thumbnail

Community association trends: What’s changed in 6 years

Condo Control

Are communities doing better today than they were in 2018? 57% said yes in 2018 61% said yes in 2020 66% said yes in 2022 62% said yes in 2024 Despite the fact that services cost more, a higher percentage of community associations employ managers or management companies now than they did in 2018. Read on to find out.

article thumbnail

Seattle Hires Law Firm To Defend Against Landlord Lawsuit

Rental Housing Journal

The company alleges the city passed ordinances between 2018 and 2022 that hurt its ability to successfully operate a low-income apartment building. The city has retained the law firm Bryan Cave Leighton Paisner. The suit claims this is a “taking” of the landlord’s property.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reserve study requirements by state

Condo Control

Many states have or are considering enforcing laws that regulate reserves. According to SB 4-D , in addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. Reserve funds and studies have become a hot topic among condo and HOA communities.

article thumbnail

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

Authority Property Management

Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. Maintenance and Upgrades With capped rental income, property owners might find it challenging to maintain and upgrade their properties.

article thumbnail

Driving affordable housing success with asset management services

MRI Software

Despite these obstacles, industry continues to weather the storm, supported by a web of stakeholders – developers, construction specialists, operators, capital providers and regulators. The post Driving affordable housing success with asset management services appeared first on MRI Software.