Orlando's Reunion resort is just a 30 minute drive south of downtown and plays host to 3 championship golf courses. Reunion also has its own water park and hotel. It is without a doubt one of the most exclusive condo resorts in Orlando. The montlly fees aren't the lowest but when you see the place you'll know why. You can also rent condos at Reunion out when you're not there for additional income to help cover HOA fees and taxes. 3/2 Condos are now available from the $170's. It seems that [...]
Well, here we are. 2011. The packages have been torn open, enjoyed, and are now all but forgotten. All of us are about 10 pounds heavier. The hangover from New Years Eve has faded, but the shame of your actions remains. And since we’re about a week into the year, about 50% of all New Year’s resoÂlutions have been tossed aside.  Ahh, new beginnings. So how are we starting this year out? Let’s have us a look-see at some of the [...]
Wanted to let investors know that we've been given the jump of a unit at the Crest at Waterford Lakes that is about to hit the MLS over the weekend. It's priced comparably with bank owned foreclosures and short sales - but is a private sale - which means no haggling with the banks and an easy close in about 30 days or less. The unit is also in far better condition than any comparable foreclosure. This Crest at Waterford Lakes is a fully renovated and upgraded 2/2. Will be[...]
Question: What approaches have you seen to boards take to inform their members about other members who are in arrears? Our board likes to post names and amounts in arrears as well as put the information in the minutes. Answer: Do not post delinquent member names! And get rid of that stock and pillary! The board should refer to a collection only by the amount owed, time past due and status of the collection process. Naming names is a sure way to alienate neighbors and trigger litigation for [...]
The note for Paramount condos downtown Orlando was purchased by a Nordic investment fund USO Norge Paramount Note LLC last summer, and Norge are now the proud owners of the 16-story Paramount at Lake Eola. Paramount at Lake Eola condos features residential units with over a dozen different floor plans, of which the majority are unsold. Significant retail space also exists and of course the new Publix is underneath. Paramount is currently leasing the unsold units via ZOM and so with [...]
Downtown Orlando’s 32-story development 55 West Condos on Chuch Street may once again be up for sale. According to the Orlando Business Journal, the Dutch lender went before Orlando City Council yesterday to update the original economic development agreement, changes which are required in order to sell the property, and documents showed that the lender is in negotiations with several unnamed buyers. The main changes to the incentive agreement include removing the [...]
Everything You Wanted to Know about Being a Condominium Board Member… But Were Afraid to Ask! Condominium Board Member Certification. Approved by the Department of Business & Professional Regulation** Why Attend? Comply with State Law** (see below) Understand your legal responsibilities and obligations including your “fiduciary dutyâ€; Gain insights into governing through case studies and real situations; Receive our new publication “You’re a Board Member,[...]
I want to thank everyone that attended the webinar today and especially thank both Scott Peterson and guest Seth Heller for their insight regarding this hot-button issue. We will post a link to the recorded webinar when it is available and address some of the most frequently asked questions here on this site. We emphasized the differences between demanding rent pursuant to the 2010 legislative changes before filing a lawsuit and collecting rent after asking the court to appoint a rent-receiver [...]
Question: Our board enacted a security policy that requires guests to show identification to entry gate guards. Do they have the authority to deny my invited guest onto the property? The board never provided notice that they would be enacting this policy. Answer: Yes, the board has the authority to enact and enforce this policy. Requiring identification is not the same as denying entry. You live in a gated community for a reason...to restrict access to all but invited guests and vendors. This [...]
Live Webinar on Wednesday, December 1, 2010 -- 2:00 PM–3:00 PM Eastern (1:00 PM-2:00 PM Central): Funding Owner Delinquencies: Collecting Rent From Tenants The 2010 Florida Legislature created new procedures for community associations to collect assessments from tenants of owners who are in arrears. You’ll want to join us to hear about these new collection techniques and to learn how to avoid pitfalls in the process. Lisa Magill, Esq. Becker & Poliakoff Ft. [...]