article thumbnail

Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

Key Deadlines: SB326 Deadline: January 1, 2025 Applies to all multifamily residential buildings (3+ units) governed by an HOA. SB721 Deadline: January 1, 2026 Targets multifamily buildings with 3+ units not governed by an HOA. Their goal is simple: to ensure that these structures remain safe and sound for residents.

article thumbnail

Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Some professionals who can conduct a reserve fund study include: Members of the Appraisal Institute of Canada holding the designation of Accredited Appraiser Canadian Institute People who hold a certificate of practice within the meaning of the Architects Act Members of the Ontario Association of Certified Engineering Technicians and Technologists (..)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Estate Managers Share Their Top Challenges and Issues

ADDA

Their responsibilities include overseeing financial management, ensuring timely maintenance of amenities, resolving resident grievances, managing vendor contracts, and ensuring compliance with community and government rules and legal regulations. Close to 40% of residential communities have lost money on compliances and government penalties!

article thumbnail

California’s New Real Estate Laws for 2025: What Investors Need to Know

Beach Front Property Management

Inspections must be conducted by licensed engineers, architects, or building inspectors. Key Laws: SB 584 (Short-Term Rental Licensing & Taxes) Requires STR owners to register with local governments. AB 2579 (Inspection Deadline Extension) Originally set for January 1, 2025, but now extended to January 1, 2026.

article thumbnail

Looking for the Best Society Management Software in Bengaluru? Here’s Why ADDA.io Stands Out

ADDA

Your collections engine keeps running without you having to worry about it. Here are some of the ways we contribute: Spreading Best Practices Among Management Committees ADDA understands the pivotal role that Management Committees (MCs) play in governing and enhancing the quality of life in gated communities.

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Advertising to influence government legislation, however, is never deductible. Advertising includes business cards and brochures; ads in newspapers, magazines, real estate publications, and online; fees paid to advertising and public relations agencies; and signage for your business.

article thumbnail

Bill 30 could make condo living easier in Alberta

Condo Control

Alberta has tabled legislation that aims to improve governance in condominium communities. Currently, developers must have a converted property study completed by a professional engineer or registered architect for the real and personal property of the corporation, the common property and managed property.