HOA Managememt

SEPTEMBER 12, 2024

These bills affect both homeowners associations and condominium associations. They must also complete a state-approved condominium education course. HOAs cannot restrict homeowners from installing vegetable gardens and clotheslines if not visible from the street, neighboring properties, or common areas.

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Condominium Education Electronics Government 219

HOA Managememt

MARCH 27, 2025

Here are some of the homeowners and condo association collection laws to take note of per state: Alabama In Alabama, community associations need to follow the Uniform Condominium Act (Alabama Code 35-8A-316) and the Homeowners Association Act (Alabama Code 35-20-12) for debt collection. 47-244 – 47-258).

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Condo Control

DECEMBER 9, 2024

Alberta has tabled legislation that aims to improve governance in condominium communities. Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act.

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Real Property Management Chicago

MAY 3, 2015

6 reasons to hire a Chicago property manager You’ve decided to diversify your investment portfolio by purchasing a two flat in Irving Park, a couple of condos in Naperville, or a vacation home on the North Shore. A knowledgeable property manager can help you set the right price for the area.

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Bay Property Management Group

DECEMBER 3, 2024

If you’re looking for the best property management books around, we’re here to help. Our professional property managers have chosen our personal favorites for your viewing pleasure. Read below for some great recommendations on managing rental properties. Landlord’s Legal Kit for Dummies (2 nd Edition) by Robert S.

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Condo Control

NOVEMBER 7, 2024

Download our free chargeback letter template Chargebacks are one way residential communities can preserve peace and property values. 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. 133 of the Strata Property Act. What are chargebacks?

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American Apartment Owners Association

JANUARY 27, 2025

Because of their capacity to improve an investors cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties are a popular type of real estate investment. Are you taking that big step and purchasing your first multifamily property? Get started by viewing .

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Condo Control

MARCH 19, 2025

Amendments were made in 2024, so now small condominiums with 25 or more units must also have a website. Finally, 1 year after completing the 4-hour course, and each year thereafter, the director must complete at least 1 hour of continued education about recent changes to the condominium laws and rules during the past year.

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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. This allows management to take immediate action and reduce the risk of damage to the system or property. Some property managers are even using AI to set competitive rental prices.

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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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Bay Property Management Group

NOVEMBER 20, 2024

When we are busy overseeing Northern Virginia property management of multifamily homes (including Richmond, Baltimore, D.C., The rental market for multifamily properties has historically been very healthy. Pro: Tax Benefits Investing in multifamily property can provide investors with a number of tax benefits.

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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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Government Condominium Maintenance IT 162

Bay Property Management Group

DECEMBER 19, 2024

At Bay Property Management Group, we are Baltimore property management professionals focused on customer service. Furthermore, our goal is to make property ownership both a pleasurable and profitable experience for our clients. But his professional background spans over 30 years in the rental and property management industry.

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Mem Property Management

OCTOBER 13, 2024

mem property management has announced its support of the New Jersey chapter Community Associations Institute (CAI-NJ) Annual Conference & Expo. ” About mem property management mem property management is a privately held NJ property management company that was founded in 1984, by Martin H. .”

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Mem Property Management

OCTOBER 19, 2024

What Do Senior’s Want in an Condominium? #1: Homes with long driveways or multi-level entrances can be difficult for older adults to traverse, states Matthew Laderman, Vice President of mem property management To increase the appeal of your property for Active Adults Offer parking as close to the entrance as possible. . #4:

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Condo Control

JANUARY 28, 2025

Take paid condominium parking and storage as an example. A limitation can be both a problem and a solution. Depending on laws and location, developers dont always include a spot or storage space for every unit.

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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. 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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Mashvisor

JUNE 6, 2021

Investing in rental property is one of the best strategies for generating passive income and building wealth. You can invest in a wide range of properties including condos, single family…

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American Apartment Owners Association

DECEMBER 9, 2024

By leveraging this tool, you can defer capital gains taxes and reinvest in larger or more lucrative properties. Internal Revenue Code, allows real estate investors to defer paying capital gains taxes when they sell a property and reinvest the proceeds into a like-kind property. What is a 1031 Exchange in Real Estate?

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Real Estate Regulation Condominium Attorney 130

Bay Property Management Group

NOVEMBER 18, 2024

Coming into a new rental property, you probably have a lot of questions. When we take care of rental property management in Baltimore and other cities, we always strive to be transparent and upfront on what these are and how they interact with your daily living. They typically govern the shared spaces more than individual properties.

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Condo Control

JANUARY 13, 2025

Condo Control has been recognized as a Property Management Software Leader. 435 software companies were competing to earn a leader award in the property management category, and we were 1 of only 15 who were selected. On average, property management software companies get a score of 87% for ease of setup.

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Mem Property Management

JANUARY 12, 2025

Laderman President of mem property management. Buy Your Policy from an HOA Insurance Expert The first thing to understand is that your HOA Master Insurance Policy should be written by an agent that has expertise in HOA insurance, states mem property management.

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Florida Property Management

MARCH 30, 2023

What investment property to buy? What is the best type of property to buy. Of course that returns on the investment, appreciation rates as well as risk, vary from property type to property type. All investors would like to buy the property that yields the highest return on their investment with the minimum possible risk.

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Mashvisor

NOVEMBER 29, 2021

Condominiums are great investments for a variety of reasons. If you are searching for a family home, a condo is an affordable single-family home that is great as a homeowner’s…

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Single-Family Home Condominium Real Estate Property 71

HOA Managememt

JANUARY 14, 2025

If the property has multiple owners, each can vote or object to another owners vote through a proxy. 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.

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Government Electronics Attorney Single-Family Home 130

Rental Choice

APRIL 4, 2024

It’s important to strike a balance to make the most out of the rental property. Property Value How do you calculate real rental price? Landlords can often use the property’s overall worth to determine the base rental price. Typically, the rental price of a property should fall between 0.8%

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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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Authority Property Management

JULY 26, 2024

While it is marketed as a measure to provide relief for renters, it poses serious concerns for property owners, managers, and landlords. In this blog post, we will delve into the details of Proposition 33 , how it could affect the real estate market, and why those involved in property management should consider voting no.

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Real Estate Single-Family Home Property Regulation 64

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. Laderman, President of mem property management company.

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Beach Front Property Management

OCTOBER 2, 2024

Investing in multifamily properties is an excellent way to grow your portfolio and generate steady passive income. At Beach Front Property Management Inc , our goal is to stabilize your returns while reducing vacancy rates, especially while handling multifamily units. What are Multifamily Properties?

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Florida Property Management

JULY 9, 2021

This is applicable for small and large properties and for residential or commercial properties. When you are going to buy a property, either a house or an office building, you need to take into account these Capital Expenses. Seasoned Real Estate Brokers and Property Managers can also help in determining these values.

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Mashvisor

JUNE 15, 2022

Though condominiums may seem quite similar to traditional houses, there are actually plenty of differences to be aware of. So, what is a condo? Table of Contents What Is a…

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Mashvisor

MAY 27, 2022

If you have never purchased a condo (also known as a condominium), you may be shocked at the many factors to consider. Table of contents What Is a Condo? How…

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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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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. The act aims to protect homeowners rights and maintain property values. A trust simply transfers assets to a beneficiary without probate, so it cannot own property or be sued.

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Property Management Inc.

NOVEMBER 26, 2024

Dealing with a property manager who ignores your concerns or requests can be frustrating and challenging. 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.

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Condo Control

MARCH 24, 2025

Traditional guest pass management can be complicated and ineffective It is precisely because of scenarios like the one described above that drive condominiums and HOAs to implement guest pass systems for pool access.

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