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New 2025 condo and HOA laws for U.S. states

Condo Control

2023 California Residents can request to receive electronic communications Civil Code 4040 was amended at the beginning of 2023, making it mandatory for associations to deliver documents according to the preferred delivery method specified by the member. The policy must be posted on the POA’s website.

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Justice Department Sues 6 Large Landlords

Rental Housing Journal

Acting Assistant Attorney General Doha Mekki of the Justice Departments Antitrust Division said in the release, While Americans across the country struggled to afford housing, the landlords named in the lawsuit shared sensitive information about rental prices and used algorithms to coordinate to keep the price of rent high. billion in 2023.

Landlord 105
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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. Clean Vehicle Credit: You may qualify for a credit of up to $7,500 if you use a plug-in or fuel cell electric vehicle that you bought in or after 2023.

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Scam Ahead

American Apartment Owners Association

Fundraising new debt was the company’s business,” an attorney representing some investors told a judge, the Seattle Times reported. billion in 2023, 38 percent more than the year before, according to the FBI’s 2023 Internet Crime Report. Real estate development was an incidental activity.”

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New Florida Housing Bills

Florida Property Management

APPROPRIATION: $711,000,000 Effective Date: Except as otherwise expressly provided in this act and except for this section, which shall take effect upon becoming a law, this act shall take effect July 1, 2023 Last Action: 3/30/2023 - Chapter No.

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Reserve study requirements by state

Condo Control

If a condo or HOA has not had a reserve study conducted on or after October 1, 2018, it must have had a reserve study conducted on or before October 1, 2023. Updated reserve studies are to be completed at least every five years thereafter. All funds collected by an association shall be maintained separately in the association’s name.

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How DC Multi-family Real Estate Investors Benefit from Hiring Property Management Experts in 2023

Nest DC

Property managers can also file official notices with DC and, in partnership with an attorney, begin the eviction process for non-payment of rent in a worst-case scenario. Ensuring that rent is collected on time and in full protects your revenue and sets the example for all the units in your portfolio.