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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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Florida HOA Laws 2024: Updates And Changes

HOA Managememt

These bills affect both homeowners associations and condominium associations. They must also complete a state-approved condominium education course. HB 1029 For Condominium Associations Effective July 1, 2024, HB 1029 introduces the My Safe Florida Condominium Pilot Program. This certification is valid for four years.

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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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Bill 30 could make condo living easier in Alberta

Condo Control

Alberta has tabled legislation that aims to improve governance in condominium communities. 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.

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How a condo/HOA attorney might navigate new Florida laws

Condo Control

Steve Adamczyk, Attorney and Partner at Varnum LLP, was one of the experts on this panel, and he offered a lot of great information about how some of these laws are impacting Florida communities. Amendments were made in 2024, so now small condominiums with 25 or more units must also have a website.

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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. Creating a formal leasing process allows the condominium or HOA to determine who has the right to use a boat rack or storage locker. Revenue opportunity To be approved for a lease or lease renewal, the applicant must pay a fee.

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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. Speed up information retrieval There are proptech and AI assistant programs, most notably STAN AI , that are designed specifically to make life better for managers and residents.