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Reserve study requirements by state

Condo Control

Many states have or are considering enforcing laws that regulate reserves. 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. Reserve funds and studies have become a hot topic among condo and HOA communities.

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What’s the Difference Between an HOA vs. COA vs. POA?

Bay Property Management Group

A homeowners association (HOA) is an organization in a planned community or another type of group housing development that creates and enforces its own local rules and regulations for the houses and residents in that community. The regulations and dues for one HOA vs another HOA can vary a lot. They are also regulated in various ways.

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Community association trends: What’s changed in 6 years

Condo Control

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.

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1031 Exchange in Multifamily Real Estate

American Apartment Owners Association

To comply with IRS regulations, you must adhere to the following rules: 45-Day Identification Period: Within 45 days of selling your property, you must identify potential replacement properties. The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations.

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AI In HOAs: Is It Good For The Industry?

HOA Managememt

These include managing maintenance schedules, handling financial transactions, enhancing security measures, and facilitating communication with residents. Preventive Maintenance AI can predict maintenance needs before issues become critical, saving time and money. It covers various aspects of association management.

IT 130
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How To Determine A Fair Rental Rate Plus Factors To Consider

Rental Choice

Make sure to review the laws in your state so you’re not violating any local regulations. 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. You can also ask a lawyer or legal professional for advice or guidance.

Apartment 130
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Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. New constructions built after February 1, 1995.