Funds to cover damage from yet another year of record-breaking, “we’ll-never-see-this-again-in-our-lifetime” storms were likely not in the budget projections for most condominium associations or property managers. With the Greater Tampa area—and all the way down to Lee County—impacted by significant flooding, tornadoes, and high winds, it’s no surprise that insurance premiums are set to rise for many condo properties throughout the state. But there’s good news: your community association, board, or property management company can take proactive steps to help mitigate these costs. Chief among them? Proactive maintenance and condominium roof reserve...
Read morePosted on 11/26/2024 at 07:55 PM
As insurance premiums for multi-family properties on Florida’s Gulf Coast continue to climb after each major storm, budgets are becoming tighter in many condominium associations. But even as they tighten those purse strings amongst skyrocketing insurance rates, there are some things, like condominium roof replacements, that communities can’t afford to cut back on. Ensuring that your investment is, quite literally, covered with a well-constructed roof, is among the most important aspects of any condominium association reserve budget planning. For condominium roof replacement projects, it’s crucial to work with a contractor that has not just been properly vetted, but adheres...
Posted on 11/26/2024 at 07:48 PM
Community associations and property managers are tasked with a lot to keep their properties well-maintained. Roofs in a condominium community are among the most significant budget items that condo boards and property managers contend with. Proactive condominium roof replacement budget planning can help, but sometimes unexpected repairs or neglected maintenance items eat into the budget and cause friction between residents and board members or property managers when maintenance falls to the wayside. The near constant battle can rage on between community residents and boards regarding responsibility for leaks that cause damage to the interior of the units. However, by proactively partnering...
Read morePosted on 11/26/2024 at 07:47 PM