Sinking Cap Rates

Return on investment or the “capitalization rate”on commercial real estate is becoming harder and harder to come by. This is mostly due to the current turmoil south florida is experiencing in the real estate market. The US dollar continues to rise relative to world currencies and recent data shows a slump in construction.

Your property manager can either make or break your investment. Recent innovations in management technology allow for lower management costs and major savings to landlords and housing associations alike. It is crucial to use a professional that has adapted to the times and will thus be able to save you money along the way. Many Iphone apps have been created to document all aspects of management to ensure that tenants and employees alike are given proper treatment.

Community Association Management

Never have their been so many Condominium Association scandals as there are today. Community Association Managers or “CAMs” have been caught abusing their power in cases ranging from voter fraud to unnecessary and overpriced construction costs. As a result, attorneys are now stepping up to play a larger role in order to ensure that the rules are being followed properly.

As legal costs are on the rise, Management Companies must now step up and adapt to the new age of condo management. It is absolutely necessary that CAMs and real estate attorneys work together for the benefit of the community.