Condo Control
FEBRUARY 14, 2025
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.
American Apartment Owners Association
FEBRUARY 13, 2025
The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Increased Liability: In the event of an accident, legal exposure skyrockets. Californias balcony inspection laws, SB721 and SB326 , are reshaping how property owners and HOAs approach building safety.
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Condo Control
NOVEMBER 11, 2024
Motivated by the Surfside condo collapse, lawmakers don’t ever want to see another community in the same position as the Miami condominium ended up in. Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.
Condo Control
DECEMBER 6, 2024
cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation. If you live in a condominium or homeowners association, does your community have a reserve study to help plan for repair and replacement of major components owned by the community? This survey is completed every other year.
Mem Property Management
OCTOBER 19, 2024
What Do Senior’s Want in an Condominium? #1: Host events that encourage residents to mix and mingle. 1: Accessibility Older Americans, Active Adults and 55+ are looking for homes that will be easy to navigate as they age. If you manage or own a larger community, consider upgrading lobbies, clubhouses, pools, and picnic areas.
Bay Property Management Group
NOVEMBER 18, 2024
A condominium owner’s association (COA) is another one that is very similar to an HOA. HOAs are not only responsible for maintaining and managing common areas and amenities, they also enforce community rules and even organize community events in various ways. What is a COA? However, they aren’t 100% the same!
Mem Property Management
OCTOBER 13, 2024
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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