Condo Control

MARCH 19, 2025

Steve Adamczyk, Attorney and Partner at Varnum LLP, was one of the experts on this panel, and he offered a lot of great information about how some of these laws are impacting Florida communities. Amendments were made in 2024, so now small condominiums with 25 or more units must also have a website.

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Attorney Condominium Education Government 130

Condo Control

NOVEMBER 7, 2024

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? What costs can be charged back?

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Condo Control

NOVEMBER 12, 2024

This act came into effect in January of 2024, and businesses that meet certain criteria are expected to file a Beneficial Ownership Information (BOI) report to the U.S. financial system. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) by January 1, 2025. Table of contents Who is expected to file a report?

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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.

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Condo Control

MARCH 6, 2025

Read on to find out how high-rise condominiums are currently using AI to streamline operations and improve resident satisfaction. Speed up information retrieval There are proptech and AI assistant programs, most notably STAN AI , that are designed specifically to make life better for managers and residents.

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HOA Managememt

OCTOBER 28, 2024

HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. The condominium disclosure statement must also include the most recent reserve study, as per Section 81-409. There are 13 states that require a reserve study or a reserve schedule for condo associations.

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Condo Control

JANUARY 20, 2025

But January can be a heavy month too, especially if you help manage a large condominium or HOA community. Creating a formal leasing process allows the condominium or HOA to determine who has the right to use a boat rack or storage locker. A new year presents opportunities for fresh starts and exciting goals.

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Condo Control

DECEMBER 2, 2024

A charger costs $10,000 to buy and install At the time this article was published, a charger costs anywhere from $5,000 to $10,000 (CAD), depending on several factors including whether the condominium is already set up for EV charging and how many stations are going in at one time. The type of charger also impacts costs.

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Condo Control

DECEMBER 6, 2024

cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation. Managers went above and beyond to ensure owners and residents got the information they needed, and operations continued to move forward. This survey is completed every other year. A few thousand participants who live in U.S.

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Condominium Government Management Maintenance 130

Mem Property Management

SEPTEMBER 12, 2024

CLICK BELOW FOR MORE INFORMATION

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HOA Managememt

JANUARY 14, 2025

The state doesnt have specific HOA proxy voting rules for communities with single-family homes, but it does have a related law that discusses proxy voting for condominium associations. It does have stipulations for condominium association proxy voting , however. However, some laws are outlined for condominium associations.

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Government Electronics Attorney Single-Family Home 130

Bay Property Management Group

DECEMBER 3, 2024

Preventative Maintenance for Multi-Family Housing: For Apartment Communities, Condominium Associations, and Town Home Developments by John C. You can ensure that you’re armed with the information you need to succeed. It can serve as a model for new and advanced property managers alike.

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HOA Managememt

AUGUST 27, 2024

For instance, condominiums in Florida must maintain a reserve fund. RELATED ARTICLES: 11 Important Features And Design Elements Of A Good HOA Website What To Include In HOA Electronic Informed Consent Forms Does Having EV Chargers Increase Property Value? Keep in mind that statutory requirements to fund reserves exist in some states.

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American Apartment Owners Association

JANUARY 27, 2025

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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HOA Managememt

DECEMBER 31, 2024

Enacted in 1985, this law applies to all forms of common interest developments (CIDs), including condominiums, planned developments, and cooperatives. An HOA may withhold or redact information pertaining to disciplinary actions, payment plans, and collections. The act aims to protect homeowners rights and maintain property values.

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Mem Property Management

FEBRUARY 5, 2025

mem property management corporation, a full-service condominium management firm headquartered inNew Jersey has proved the unparalleled effectiveness of its disaster readiness plan in the aftermath of Superstorm Sandy. For mem property management, NJ comes first.

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Real Property Management DC Metro

APRIL 27, 2023

Only if it is uncertain how the request relates to their disability can you request additional information about the request. What Information Can You Ask Your Tenants to Provide? You may request emergency contact information in the event of an emergency. For more information, contact us or call us directly at 202-269-0303.

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Authority Property Management

JULY 26, 2024

Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. The Basics of Proposition 33 Proposition 33 seeks to repeal the Costa-Hawkins Rental Housing Act, a state law that currently restricts the types of housing that can be subjected to rent control. New constructions built after February 1, 1995.

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Real Estate Single-Family Home Property Regulation 64

Real Property Management California Coast

APRIL 28, 2023

What Information Can You Ask Your Tenants to Provide? Only request information that is necessary to make a reasonable accommodation or to ensure the accessibility and safety of the property when interviewing a person with a disability. You can request emergency contact information in the event of an emergency.

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Florida Property Management

JULY 9, 2021

Determine or estimate the approximate age of each item Look for the useful life of each item in manuals, equipment information or industry standards Determine the remaining useful life of each item to know the remaining estimated life and the possible date of replacement Check current market prices for each item.

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Nest DC

JUNE 22, 2023

After single-family row homes and townhouses, condominiums (condos) and cooperatives (co-ops) are two popular housing types in Washington, DC, for potential buyers. By understanding these differences, you can make an informed decision about which option suits your lifestyle and financial goals. What does that mean?

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Florida Property Management

FEBRUARY 9, 2024

Additionally, some landlords may convert rental properties into condominiums or other forms of housing that are exempt from rent control, shrinking the supply of affordable rental units even further. This undermines the intended goals of rent control while exposing tenants to exploitation and landlords to legal risks.

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MRI Software

DECEMBER 9, 2024

Residential asset class Residential properties include familiar living spaces like single-family homes, condominiums, and townhouses. Condominiums: With shared amenities and reduced personal upkeep, condos appeal to tenants who prefer a sense of community without the extra maintenance.

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Property Management Inc.

NOVEMBER 26, 2024

Whether you're renting an apartment, condominium, or commercial space, effective communication with your property manager is essential for resolving issues and ensuring a positive rental experience. Dealing with a property manager who ignores your concerns or requests can be frustrating and challenging.

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Mem Property Management

SEPTEMBER 4, 2024

The business judgment rule is a presumption that in making a business decision, the directors of a corporation acted on an informed basis, in good faith and in the honest belief that the action taken was in the best interests of the corporation, in this case, a not-for-profit corporation or homeowners association. Did you utilize care?

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MRI Software

FEBRUARY 26, 2025

These properties can take various forms, including apartment complexes, duplexes, townhouses, or condominiums, offering a range of housing options for different demographics. Staying organized and responsive to requests for additional information can help streamline the approval process.

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MRI Software

DECEMBER 12, 2023

The types of properties managed within this sector include condominiums (condos), townhouses, and any other residential buildings with multiple rentable units. They do this by setting competitive rental rates that are informed by current market analysis and by implementing effective rent collection processes.

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MRI Software

DECEMBER 12, 2023

Whether you’re looking to rent, buy, or invest, understanding these types is crucial for making informed decisions. Condo A condominium, known as a condo, is a private residence within a larger complex or building where each unit is individually owned. These units can range from high-rise buildings to townhouse-style layouts.

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Real Property Management DC Metro

AUGUST 11, 2023

To make an informed investment decision, analyze rental market trends, vacancy rates, and average rental costs in the selected area. You may maintain steady occupancy and maximize your rental income by combining single-family homes, apartments, and condominiums.

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Real Property Management Choice

MAY 23, 2024

Unless: You’re renting out a single-family home or a condominium and you are not part of a corporation or a REIT. In order to get the information, you can actually go online and search for the CPI in your specific market. The rent control laws and just cause evictions apply to most rental properties in the state of California.

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Lease Landlord Single-Family Home Rent 52

Real Property Management Choice

OCTOBER 31, 2024

Single Family Homes and Condominiums Single-family homes and condos are exempt from rent control, provided they are not owned by a corporation, real estate investment trust (REIT), or a limited liability company in which at least one member is a corporation.

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Condo Control

FEBRUARY 13, 2025

HOAs must keep homeowners informed, collect payments (in the form of fees or dues) and advertise the community to prospective homebuyers. This helps with information sharing while being mindful of security and privacy. A website is one tool that will help HOA members to stay informed and involved.

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MRI Software

APRIL 1, 2025

Many landlords are now exploring the potential of converting their rental properties into condominiums to unlock new opportunities for income and investment. A multifamily condo conversion involves transforming a rental property with multiple units, like an apartment building, into individually owned condominiums.

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