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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Reserve fund studies Ontario reserve fund requirements Alberta reserve fund requirements British Columbia reserve fund requirements The law (SB 4-D) , which took effect at the end of 2024, requires condominium associations to complete milestone structural inspections and fully fund reserve funds.

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Looking for the Best Society Management Software in Bengaluru? Here’s Why ADDA.io Stands Out

ADDA

Your collections engine keeps running without you having to worry about it. For instance, the Accounting Workshop 2024 was designed to simplify financial management for MCs by offering expert guidance on accounting processes. These sessions help committees maintain transparency, ensure compliance, and foster trust among residents.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

For 2024, the standard mileage rate is 67 cents per mile. If youd rather not keep a running list of how much you spend on gas, oil, repairs, car washes, and so on, you can use the standard mileage rate. With the standard rate, you only need to keep track of how many miles you drive for the business, not how much you spend on your car.

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Multifamily rental growth and occupancy update February 2024

MRI Software

Even though job growth, the engine that drives absorption, is decent, it is moving in the opposite direction of supply. Occupancy Figure A compares occupancy levels at the end of 2021 to those at the close of February 2024. New construction deliveries have skyrocketed to a 40-year high. percentage points. percentage points.

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Multifamily rental growth and occupancy update March 2024

MRI Software

Even though job growth, the engine that drives absorption, is decent, it is moving in the opposite direction of supply. Occupancy Figure A compares occupancy levels at the end of 2021 to those at the close of March 2024. This pattern persists, pushing occupancy levels ever lower as the first quarter of 2024 ends.

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You Ask, We Answer: Top Property Management Software FAQs

Yardi Breeze

With the December 2024 update in Breeze Premier, you will be able to use Yardi Bill Pay to process EFT and check payments to tenants. Essentially, its the engine running your business and your system of record. By setting it up as an automated task, the system runs the monthly posting for all your properties on the designated date.

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Bill 30 could make condo living easier in Alberta

Condo Control

Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act. Alberta has tabled legislation that aims to improve governance in condominium communities.