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Florida HOA Laws 2024: Updates And Changes

HOA Managememt

Board members and community managers alike have a duty to ensure legal compliance. These bills affect both homeowners associations and condominium associations. They must also complete a state-approved condominium education course. HB 1021 For Condominium Associations Governor DeSantis signed HB 1021 into law on June 14, 2024.

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Condo and strata chargebacks

Condo Control

A condominium or strata may charge costs that it sustained because of an owner’s actions or omissions back to them through common expense fees. In Ontario, the Condominium Act explains when condo corporations can charge back costs to the common expenses of an owner. What are chargebacks? As such, some provinces do fine condo owners.

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HOA Reserve Study Requirements By State

HOA Managememt

HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. 3) An estimate of the cost of repair, replacement, restoration, or maintenance of the components identified in paragraph (1). (4) ” Colorado These are the Colorado HOA reserve study requirements.

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AI In HOAs: Is It Good For The Industry?

HOA Managememt

These include managing maintenance schedules, handling financial transactions, enhancing security measures, and facilitating communication with residents. Preventive Maintenance AI can predict maintenance needs before issues become critical, saving time and money. It covers various aspects of association management.

IT 130
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Best Property Management Books for Landlords: Top 9 Picks

Bay Property Management Group

Every Landlord’s Guide to Managing Property by Michael Boyer Here, Boyer offers a window into tenant retention, basic property maintenance, finding good contractors, accounting, and other key tasks. Even better, he includes sample forms, like a maintenance log, for your reference. Here, John C.

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1031 Exchange in Multifamily Real Estate

American Apartment Owners Association

The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations. Property Condition: Make sure the replacement property is in good condition or has manageable renovation needs to avoid high maintenance costs. Final Thoughts: Is a 1031 Exchange Right for You?

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What is multifamily property management and what are the benefits?

MRI Software

From ensuring satisfaction for multiple tenants to tracking payments to handling emergency maintenance issues, managing these types of properties requires effort and expertise. The types of properties managed within this sector include condominiums (condos), townhouses, and any other residential buildings with multiple rentable units.