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5 ways for high rise condominiums to save money in 2025

Condo Control

Densely populated high rise condominiums have always been budget conscious. Reduce administrative costs Administrative costs are any expenses incurred to maintain day-to-day operations of the condominium. With so many expenses, its not hard to overspend and exceed the annual budget. But this year is different.

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How to increase the annual budget while making your condominium more bike friendly

Condo Control

Would you consider your condominium to be bike friendly? Download our free bike rack lease template But bikes have become increasingly popular , especially in high-density areas. of bike amenity space into their new condominium. Applications can be filed and reviewed online, and payments can be processed online too.

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What to do when the demand for condo/HOA parking and storage is high

Condo Control

Take paid condominium parking and storage as an example. Inventory management waitlists Once the maximum number of spots or spaces have been leased, condos and HOAs can create waitlists to address demand for these shared assets. The board can use this data to determine if the cost of leasing valuable assets should be increased.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Are you taking that big step and purchasing your first multifamily property? Or are you an old pro adding another investment property to your real estate portfolio?

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Managing paid condo and HOA parking and storage

Condo Control

But January can be a heavy month too, especially if you help manage a large condominium or HOA community. January is often the time when residents renew leases for parking spots, boat and bike racks, and locker spaces. Bike rack spaces, for example, which are often limited, may be leased out on a first-come, first-served basis.

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How can high-rise condos use AI to make things easier?

Condo Control

Read on to find out how high-rise condominiums are currently using AI to streamline operations and improve resident satisfaction. Use chatbots for improved response times Chatbots can be installed on a condominiums website or portal, and can deliver basic 24/7 support to residents. Condo management is no exception.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Are you taking that big step and purchasing your first multifamily property? Or are you an old pro adding another investment property to your real estate portfolio?

Property 130