Condo Control
FEBRUARY 5, 2025
Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.
Condo Control
FEBRUARY 14, 2025
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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Condo Control
NOVEMBER 21, 2024
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.
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. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.
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?
Mem Property Management
OCTOBER 19, 2024
What Do Senior’s Want in an Condominium? #1: 2: Inclusive The 55+ Active Adult is also looking for all utilities included: heat and hot water, gas and electricity, cable and internet, even parking and laundry. 1: Accessibility Older Americans, Active Adults and 55+ are looking for homes that will be easy to navigate as they age.
American Apartment Owners Association
DECEMBER 9, 2024
The Benefits of Using a 1031 Exchange for Multifamily Investors Utilizing a 1031 exchange offers several key advantages formultifamily real estate investors: 1. By following these guidelines, multifamily real estate investors can effectively build wealth by deferring taxes and reinvesting profits.
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