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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. Chatbots Chatbots can be installed on a condominiums website to answer basic questions from prospective buyers or residents.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. These factors can affect a propertys value and its appeal to tenants. That means that if one tenant moves out, you will still receive income from the other tenants.

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How to increase the annual budget while making your condominium more bike friendly

Condo Control

Would you consider your condominium to be bike friendly? of bike amenity space into their new condominium. Urban multifamily buildings that are equipped to keep bikes safe(r) will attract tenants more quickly than buildings without adequate bike protections. One developer is incorporating over 7,000 sq.

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

Condo Control

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. Mandatory reserve fund requirements This news should not come as a surprise to any Florida condominium community. Recent U.S.

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Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Early action not only ensures compliance but also provides peace of mind for property owners and tenants. Californias balcony inspection laws, SB721 and SB326 , are reshaping how property owners and HOAs approach building safety.

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Condo and strata chargebacks

Condo Control

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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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. Use chatbots for improved response times Chatbots can be installed on a condominiums website or portal, and can deliver basic 24/7 support to residents. Condo management is no exception.