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Anonymous buyers and foreign investors for years have been using the Miami-Dade Condo Market as an investment opportunity for offshore money. But now, tow investigations have put those shadow buyers under the microscope.
Talking about money is usually right up there with religion and politics – it’s uncomfortable, and no one really wants to do it. However, there’s no real benefit to skirting financial realities just because it…
There are several ways home-buyers find properties for sale, whether online, by a drive-by, or by word of mouth. Sooner or later, they will set an appointment with the realtor and have a viewing of…
Individuals, associations and other entities carry insurance coverage to protect them from liability, loss, and other financial and legal threats – that’s pretty basic. What is more unclear, however, is deciding when to file a…
A building’s roof serves as the first line of defense against whatever the skies throw at its inhabitants – wind, rain and blazing sun, even snow and ice in some climates – so, it’s crucial…
The building blocks of all homeowner’s associations are the community’s respective bylaws, administrative documents and house rules.
Most people assume that as soon as they purchase a home, that they have carte blanche discretion to alter its appearance in any way they see fit. Finally time to paint the deck a fluorescent…
Unforeseen expenses can spring up anytime of the year, making you want to tighten your association’s budget. However there are ways to stretch the community budget while maintaining current obligations. “When it comes to saving…
These days, there are a few people who don’t have a business website, a Facebook account and even a Twitter handle. It’s the same for buildings.
Most boards get along famously. “Ninety percent of boards run very, very well,” says James Donnelly, CEO and the president of Castle Management in Plantation. “Conflicts arise in, by far, the minority of situations.”
Insurance cannot be underestimated. Operating a condo or a co-op without adequate insurance is tantamount to skydiving without a parachute – A bad idea.
American Management Group (“AMG”) announces a major leap forward in Association Accounting, operating software and websites for all its residential clients starting mid – January 2016.
With all the condos in South Florida, inevitably, some are bound to shut down. These occurrences don’t happen every day – but when they do happen, they bring many challenges to an organization.
Whether your community is a massive development or a pocket sized co-op, you will need a dedicated team of professionals to remain solvent and operational. This team includes a property manager, an accountant or financial…
Fluctuating home insurance rates are one of the perils of living in South Florida. Citizens Property Insurance, the state-run insurance company, approved a plan that could reduce base rates for about 70 percent of policyholders, especially…
Buying rental property remains one of the best classes of investment available. Properties offer the combined benefits of capital growth, ongoing cash flow and significant tax benefits. However, it is just as easy to buy…