When to Change Your HOA Management Company
Your homeowners' association (HOA) management company is responsible for managing the day-to-day operations of your community. They handle everything from collecting dues, enforcing rules and regulations, and managing the property. But what happens when you're not happy with your current management company? When is it time to make a change?
HOA Budget Season is Starting Now
Budget season is here! It’s a time when homeowners association boards (HOAs) need to carefully consider their expenses and make sure that they are getting the most out of their budget.
Challenges of Managing Single-Family Rentals: A Guide for Investors
Investing in single-family rentals can be lucrative, providing investors with a steady income stream and long-term wealth accumulation.
HOA Special Assessments Maybe More Common Now
Owners in HOAs (Homeowners Associations) or COAs (Condominium Owners Associations) may see the need more for Special Assessments due to unexpected budget shortfalls, unforeseen repairs, and rising insurance premiums.
Build-To-Rent Model Continues to Expand
Single-Family Rentals (SFRs) have been around since the start of the Great Recession a decade ago when large institutional players bought up cheap homes en masse, turned around fixed, and rented them.
Live In a Condominium or Co-Op? This Is What You Need to Know.
Gone are the days when condominium and co-op owners could vote to partially fund or waive reserves. Those who have been partially funding or waiving them are looking at some high monthly increases in the next few years to cover all those reserve funds not collected in the past.
Deadline to Register Your Community Association in Miami Dade County is February 1.
The Consumer Protection Division has launched a Community Association Registry database for Miami Dade County.
The Aging Condominium Infrastructure Demands on Boards and Owners
Buildings and their internal systems and physical components are aging and often need costly maintenance, repairs, and replacements.
Does your community have emergency operations plan in place?
Hurricane season is here and starts June 1st through November 30th. Does your community have an emergency plan in place? Hurricanes are not the only emergency communities need to be prepared for.
Build to Rent (BTR) Community Management is a Special Niche.
BTR’s are communities of single-family homes or townhouses specifically built to rent. These newly built communities are filling a demand for a highly desirable alternative to homeownership. More and more young professionals, retirees and families of all sizes are renting in lieu of buying. These communities offer the best of both worlds, the ease of renting and the perks of community living without living in an apartment or condominium building.
The Importance of An Association Management Company for Board Members
Board members are responsible for finding and partnering with an association management company that will best service their needs and the needs of their communities.
Tenant HOA Violations
Homeowners’ associations (HOA) have a set of governing docs, which typically include CC&Rs, Bylaws, Articles of Incorporation, and rules and regulations. Failure to abide by these rules and regulations constitutes a violation.
How does inflation affect investor’s Build to Rent and Single-Family Rental portfolios’ ROI?
Consumer price inflation rose to 7.5% in February 2022, the highest since February 1982. Soaring energy costs, oil prices, labor shortages, supply disruptions coupled with strong demand and now, a war will only fuel inflation more in the coming months.