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March 29th, 2017

Feds Go After Foreign Luxury Condo Buyers

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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.

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January 16th, 2017

HOA Management: Keeping Finances Clear

hoa management finances miami

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 is contentious or a difficult subject.

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June 14th, 2016

The Open House

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 the property.

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April 26th, 2016

When to Claim?

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 claim versus paying out of pocket for a loss or damage.

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April 7th, 2016

Maintaining Roofs

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 for that roof to be sound and well maintained. All it takes is one small crack or hole for water to seep in, compromising the entire roof.

According to James R. Kirby, AIA, the director of technical services for the national Asphalt Roofing Manufacturers Association (ARMA), the most common types of roofs in dense urban areas are ‘low-slope’ or flat roofs. “The roof types include asphalt-based roof systems, called built-up and modified bitumen, and single-ply roof systems,” he says.

Building Staff

So, in-depth roof inspections should be done by a qualified specialist. There are some roof problems that can be handled by a building staff manager: “The maintenance is going to depend on the warranty, but the only one who should be working on the roof is someone who is certified to work on that system,” says Baker. “If you go up and are not a roofer, you can end up using tools or materials that aren’t compatible with the system you have. That can lead to additional costs, and even catastrophic failure.”

“They should regularly examine masonry and metal work for signs of deterioration or water infiltration,” says Kirby. “Another way to maintain a roof is to make sure that rooftop equipment is in proper working condition and, where necessary, piped to drainage. Lastly, minimizing unnecessary foot traffic on the roof will help avoid potential damage.  That means keeping access doors locked, and requiring any rooftop visitors and workers to sign in or be escorted.”

“Roofs are not indestructible, and should be treated with respect,” says Kirby. “Appropriately constructed roof decks, and the use of walkway pads and protection layers are necessary if residents expect to use a roof and for that roof to last.  The best advice is to stay off the roof; reduce foot traffic; don’t use a roof as a work or play platform.”

 

 

April 5th, 2016

Fundamental Documents for Co-ops, Condo and HOAs

The building blocks of all homeowner’s associations are the community’s respective bylaws, administrative documents and house rules.

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March 24th, 2016

The Ins and Outs of Architectural Compliance

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 pink, or festoon their lawns with political signs and inflatable toys.

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March 17th, 2016

Budgeting for HOAs

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 money, you have to fish where the big fish are,” says Mitch Drimmer, vice president of business development at Snap Collections by Association Financial Services, a collections and financial services company based in Miami. Drimmer’s comment refers to the necessity of cutting bigger expenses out of the budget. “Make a pie chart and see what the big piece is,” he says. Continue reading

March 3rd, 2016

Electronic Communication in Property Management

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.

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February 16th, 2016

Boards Going Rogue

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.”

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