People buy into condo and HOA communities for many different reasons. Some are attracted by the amenities that common spaces can offer, and many in Florida seek a vacation-style environment that doubles as a smart real estate investment. I…
Tag: Property management
In South Africa, it’s called a “sectional title.” In Quebec, it’s a copropriété divise or “divided co-property.” In Italy, they call it “condominio,” derived from Latin. Regardless of location, a condominium—commonly referred to as “condo”…
Error of Omission? Q Our association recently had to replace a pool safety cover. It was 14 years old and just could not be patched anymore. We got quotes for the cover and selected a vendor. Thinking this replacement would be funde…
“Individual commitment to a group effort; that's what makes a team work, a company work, a society work, a civilization work.” Legendary Green Bay Packers football coach Vince Lombardi left condo boards and managers off his short lis…
Running the day-to-day business of a condo development or an HOA of any size—be it a sprawling, multi-building community, or a single self-contained building—requires not just a functional board but a team of competent outside professional…
The word community, like many words in the English language, has more than one interpretation. A community can be identified as a geographical location—a physical infrastructure of streets, parks and buildings, defined by tangible brick an…
Faced with a less-than-satisfactory management situation, a condominium or cooperative board may decide not to adapt, but to replace their property manager, or even switch firms completely. According to experts, this practice happens more …
While crime rates are steadily decreasing nationwide, multi-unit dwellings are often more difficult to “police” due to the sheer numbers of residents, visitors, delivery personnel and third party workers such as contractors constantly comi…
As readers of this publication surely know, well-run condo buildings and HOAs need to have adequate amounts of money in both their operating funds and their reserve funds. The operating fund covers most of the day-to-day costs of run…
Every year the state of Florida experiences an ebb and flow of full-time and part time residents; as the seasons change, so does the population. Part-time residents from the northern United States and Canada live and work in Florida fo…