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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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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Some items that are added to the report include the: Roof Siding Parking facilities Utilities Electrical systems Heating and cooling systems Plumbing Balconies and patios However, this is just an example. Furthermore, effective November 1, 2023, the owner developer of a new strata must contribute more to the contingency reserve fund.

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Tips to Minimize Tenant Turnover

American Apartment Owners Association

Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023. Utilize GenAI to understand context and sentiment in communications, enabling more nuanced and personalized interactions. Leverage AI-powered solutions to provide instant, round-the-clock communication.

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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. million) spent over 30% of their income on utilities and rent. Roughly 653,000 people were experiencing homelessness in January 2023. from 2019.

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Real Estate Crowdfunding: A Game-Changer for Rental Property Owners and Managers

Real Property Management Chicago

Crowdfunding utilizes the extensive influence of social media and specialty platforms (such as Fundrise, RealtyMogul, and Crowdstreet) to connect investors and entrepreneurs. billion in 2023 and is projected to grow from USD 1.60 Investors provide modest sums of money in exchange for a share of the propertys income or equity.

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Case Study: How Haustay Turned Around 1317 South Pacific and Boosted Bookings in Oceanside

Haustay

The Haustay Approach: Strategic, Hands-On, and Hyper-Local In early 2023, the property owners made the decision to switch to Haustay , a local team specializing in vacation rentals throughout North County San Diego. The listing lacked visual appeal, had outdated descriptions, and failed to fully capture the value of the property.

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Case Study: How Haustay Boosted Bookings

Haustay

The Haustay Approach: Strategic, Hands-On, and Hyper-Local In early 2023, the property owners made the decision to switch to Haustay , a local team specializing in vacation rentals throughout North County San Diego. The listing lacked visual appeal, had outdated descriptions, and failed to fully capture the value of the property.

Rent 52