Remove Condominium Remove Government Remove Lease
article thumbnail

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.

article thumbnail

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

Condo Control

Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

California’s New Real Estate Laws for 2025: What Investors Need to Know

Beach Front Property Management

SB 326 (HOA Exemptions & Separate Condo Rules) Condominiums managed by HOAs follow a different inspection process but must comply with SB 326. Key Laws: SB 584 (Short-Term Rental Licensing & Taxes) Requires STR owners to register with local governments. Subsequent inspections must be conducted every six years.

article thumbnail

Is it possible to own an electric car if you live in a condo or apartment?

Condo Control

For example, the Connecticut Hydrogen and Electric Automobile Purchase Rebate Program (CHEAPR) offers rebates of up to $5,000 toward the cost of purchasing or leasing an EV. If “right-to-charge” legislation does not exist in your state or province, then your governing documents may prevent the installation of charging stations.

Apartment 130
article thumbnail

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. Upload governing documents, and STAN can analyze them in a matter of seconds. For example, algorithms can interpret energy consumption patterns in the condominium and make suggestions to optimize usage.

article thumbnail

How To Determine A Fair Rental Rate Plus Factors To Consider

Rental Choice

Rent Control Some areas have government-mandated rental caps. Similarly, you can charge higher rental rates if the apartment, condominium, or community has amenities like gyms, pools, on-site parking, or co-working spaces. Websites like Apartments.com and HUD’s fair market rents may help.

Apartment 130
article thumbnail

Ultimate Guide: Complying with AB1482 for California Landlords (Exempt or Non-Exempt) – A Must for Your Comprehensive Lease!

Real Property Management Choice

Let’s get started so you know how to structure your lease, your marketing, your screening , and your entire rental management plan in a way that keeps you in compliance. Unless: You’re renting out a single-family home or a condominium and you are not part of a corporation or a REIT. A breach of a material term of the lease.

Lease 52