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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. In order to avoid angering residents by issuing hefty special assessments or maintenance fee increases, boards and managers are doing what they can to offset the high cost of maintaining a condo. But this year is different. million for a 300-unit building.

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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. Thats 1/5 of condo fees going to maintenance ! Thats 1/5 of condo fees going to maintenance ! Regardless of the industry, AI has the potential to make things easier. Condo management is no exception.

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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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mem Property Mgmt to be a Exhibitor at CAI-NJ Expo

Mem Property Management

mem property management is privileged to serve some of the finest communities throughout New Jersey including many of the major developers and builders as well as communities as diverse as small ocean-front condominiums to large master-planned communities with several hundred homes to age-restricted retirement communities.

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Everything you Need to Know About Investing In Multi-family Real Estate

Beach Front Property Management

Multifamily investing is a real estate strategy focused on properties that accommodate multiple residents, such as apartment complexes or condominiums. They may face functional issues, have outdated designs, or require maintenance and renovations. What is Multifamily Investing? What kind of cash flows does the property generate?

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Addressing the Ongoing Issue of Aging Infrastructure in HOAs

Property Management Inc.

This is why we often stress the importance of regular maintenance because issues only grow more costly when they’re not caught and taken care of early on. ” They surveyed “CAI managers, board members, and contractors in community associations across the U.S.” ” The survey revealed a lot of data.

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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.