Anthony Campanello
New Jersey -Multiple Dwellings Law (NJSA 55:13:1A-1) Exemption
23 May 2021 | 2 replies
In order to apply for these exceptions, units within a condominium, cooperative, or mutual housing corporation, the association must submit a detailed written and graphic report indicating that the unit’s required fire separation walls fully comply with N.J.A.C. § 5:10-1.4(b)4.
Cary Lin
HOA's weird interpretation of what a garage is
27 May 2021 | 5 replies
However, according to our By-Law/Master Deed, Garage is considered a part of "Limited Common Elements".Specifically, from our Master Deed: The Limited Common Elements of the condominium shall include any deck, patio, stairs, or garage to which there is direct access to that unit which is appurtenant to same, or any car port to which a Unit has been assigned....These Limited Common Elements are reserved for the use of the Unit(s) either immediately adjacent thereto or for the use of Units to which they have been assigned, to the exclusion of all other Units....Any expenses of repair or replacement relating to said Limited Common Elements, or involving structural maintenance, repair or replacement, shall be the responsibility of the Association, excepting for costs necessitated by negligence, misuse, or neglect of the Unit by a Unit Owner.One day, someone (not anyone I know) likely backed into our garage and crashed the garage doors.
Sharon Tzib
Houston Housing Stats May, 2021
9 June 2021 | 0 replies
pid=1782Houston Real Estate Highlights in May:-Single-family home sales increased for the twelfth consecutive month, up a dramatic 48.2 percent year-over-year with 9,702 units sold;-The Days on Market (DOM) figure for single-family homes dropped from 58 to 34;-Total property sales rose 55.5 percent with 12,100 units sold – the second highest volume in history;-Total dollar volume increased 100.5 percent to $4.4 billion;-The single-family average price reached a new record high, rising 29.7 percent to $387,105; -The single-family median price rose 21.7 percent to $304,000 – also a record high; -Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.3 months year-over-year and below the national inventory of 2.4 months;-On a year-to-date basis, single-family homes sales are running 29.5 percent ahead of 2020’s record pace;-Townhome/condominium sales jumped 103.4 percent with the average price up 15.7 percent to $238,839 and the median price up 21.7 percent to a record high of $213,000;-Single-family home rentals fell 26.8 percent with the average rent up 10.6 percent to a record high $2,025; -Townhome/condominium leases declined 3.5 percent with the average rent up 8.5 percent to $1,716.
Pratima Ulagadde
Tenant utility bill question
3 July 2021 | 7 replies
Utility statements are on a rolling basis in my condominium For ex.
Ricardo Morales
Interested in STR Isla Verde, PR. Any advice ????
7 July 2021 | 6 replies
Puerto Rico Condominium Act 129-2020 passed in Aug 2020 prohibited HOA / Condo associations from banning STR unless the master lease/bylaws expressly prohibit STR.
Sharon Tzib
Houston Housing Stats June, 2021
15 July 2021 | 0 replies
-Townhome/condominium sales jumped 49.9 percent with the average price up 16.9 percent to $247,827 and the median price up 22.4 percent to $214,125 – both record-setting prices;-Single-family home rentals fell 24.1 percent with the average rent up 10.6 percent to a record high $2,111; -Townhome/condominium leases were flat with the average rent up 4.0 percent to a record high $1,799.
Logan Loughmiller
Post inspection cold feet on investment property in Portland, OR
9 March 2022 | 12 replies
It's currently mostly residential single families, but condominiums have been popping up left and right, one very nearby.
Antra M.
Investing in Raleigh-Durhum area
10 August 2021 | 12 replies
I went to Boulder city after the market fell and I saw condominiums that were listed for 150 000 that would generate rents of probably 12 to 1300 a month and those condominiums were selling for 50 000.
Patrick Philip
Any crowdfunding sites do debt financing for condo complexes?
6 August 2021 | 7 replies
The one time I talked to one, I was told they don't deal with new development of condominium complexes (either debt or equity).
Paris Johns
Contractors Needed In Cleveland, Ohio
24 July 2021 | 0 replies
My grandmother is finally deciding to unload her single family residence and condominium in the suburbs of Cleveland, Ohio.She says she doesn’t want to sell them to anyone else but me so I need a reliable contractor who can bring these properties back to life.Both properties are complete gut jobs.If you are a contractor or have any recommendations please connect with me.