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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.

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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. Chatbots Chatbots can be installed on a condominiums website to answer basic questions from prospective buyers or residents.

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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? of bike amenity space into their new condominium. While management cant do anything to replace a bike once its gone, they can suggest ways for the condominium to minimize bike thefts. If youre not a cyclist, you may have not given this question much thought before.

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New 2025 condo and HOA laws for U.S. states

Condo Control

Amendments were made in 2024, requiring condominiums with 25 or more units to have a website. HB 1203 makes it clear that HOAs need a website, just like condominium communities. Mandatory reserve fund requirements This news should not come as a surprise to any Florida condominium community. Recent U.S.

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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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The Investor’s Guide to Condominium Conversions

Mashvisor

What are condominium conversions? What is a Condominium Conversion? keep reading as we break down this concept and walk you through the process of getting involved in these projects. A…

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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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