By Peter Zalewski
5
66 ratings
The podcast currently has 421 episodes available.
The "Special Report: Florida's 2025 Condo Association Financial Cliff" series is brought to you by the Miami Real Estate Investing Podcast.
Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse.
This is a clip from a podcast with Richard Alfonso, the Director of Specialty Products at U.S. Century Bank in Miami. Alfonso provides insight into how monthly condo fees increase with a special assessment loan in Florida.
Bank financing is an option for some Florida condo associations that are facing hefty special assessments to comply with the revisions of the Florida Condo Law.
A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims.
Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida.
Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink.
In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs.
People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners.
Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year.
Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates.
Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida.
To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™ at PeterZalewski.substack.com
The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida,
The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com
The "Special Report: Florida's 2025 Condo Association Financial Cliff" series is brought to you by the Miami Real Estate Investing Podcast.
Expert Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse.
This is a clip from a podcast with Richard Alfonso, the Director of Specialty Products at U.S. Century Bank in Miami. Alfonso provides a description of the steps necessary for a Florida condo association to successfully obtain a special assessment loan.
Bank financing is an option for some Florida condo associations that are facing hefty special assessments to comply with the revisions of the Florida Condo Law.
A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims.
Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida.
Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink.
In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs.
People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners.
Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year.
Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates.
Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida.
To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™ at PeterZalewski.substack.com
The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida,
The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com
This is a clip from a recent episode of the "Special Report: Florida's 2025 Condo Association Financial Cliff" podcast series from the Miami Real Estate Investing Podcast.
Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse.
This is a clip of Richard Alfonso, the Director of Specialty Products at U.S. Century Bank in Miami. Alfonso said Florida condo associations are addressing the reserve requirements mandated by the Florida Legislature but are facing challenges with skyrocketing insurance rates.
A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims.
Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida.
Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink.
In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs.
People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners.
Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year.
Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates.
Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida.
To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™ at PeterZalewski.substack.com
The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida,
The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com
The "Special Report: Florida's 2025 Condo Association Financial Cliff" series is brought to you by the Miami Real Estate Investing Podcast.
Expert Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse.
The podcast features Miami Condo Expert Peter Zalewski interviewing Andy "Daro" Rotondaro, a Realtor and North Bay Village Commissioner. The conversation examines why Rotondaro is paying $50,000 in condo special assessments instead of selling his two units in the runup to the Florida's 2025 Condo Association Financial Cliff.
A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims.
Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida.
Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink.
In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs.
People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners.
Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year.
Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates.
Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida.
To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™ at PeterZalewski.substack.com.
The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida.
The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com
The "Special Report: Florida's 2025 Condo Association Financial Cliff" series is brought to you by the Miami Real Estate Investing Podcast.
Expert Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse.
The podcast features Miami Condo Expert Peter Zalewski interviewing Andy "Daro" Rotondaro, a Realtor and North Bay Village Commissioner. The conversation examined strategies for owners facing condo association special assessments in the runup to the Florida's 2025 Condo Association Financial Cliff.
A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims.
Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida.
Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink.
In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs.
People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners.
Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year.
Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates.
Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida.
To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™.
The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida,
The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com
This is a Special Report series from the Miami Real Estate Investing Podcast focusing on Florida's 2025 Condo Association Financial Cliff.
Peter Zalewski from the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse.
The podcast features Richard Alfonso, the Director of Specialty Products at U.S. Century Bank, who explains condo association financing options.
A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims.
Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida.
Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink.
In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs.
People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners.
Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year.
Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates.
Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida.
To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™.
The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida,
The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com
Following the National Association of Realtors® $418 million settlement to resolve "antitrust claims," buyers working with NAR members are required to sign commission agreements in certain situations.
Read the report: https://peterzalewski.substack.com/p/is-a-commission-agreement-now-required
As a reminder, we crunch a lot of statistics each week and then publish the results byway of a series of reports posted on CondoVultures.com.
If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com
If you are interested in participating in a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, we encourage you to join the Miami Condo Market Investing Club™.
The Club is also ideally situated for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com
Florida Realtors® association General Counsel Juana Watkins recorded a video message explaining the repercussions of the newly implemented National Association of Realtors® $418 million settlement.
Read the report: https://peterzalewski.substack.com/p/do-miami-condo-buyers-now-have-to
The audio is AI generated based on the voice of Peter Zalewski, who authored this report.
As a reminder, we crunch a lot of statistics each week and then publish the results byway of a series of reports posted on CondoVultures.com.
If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com
If you are interested in participating in a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, we encourage you to join the Miami Condo Market Investing Club™.
The Club is also ideally situated for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services.
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com
This information is believed to be accurate and complete but cannot be guaranteed or warranted.
This is a 10-minute clip from the beginning of the August 2024 Monthly Meeting. To watch the entire video, you will have to sign up for he Club by clicking this link.
What’s the future of vintage condos - units at least 25 years old - in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach?
This topic was discussed at the fourth Monthly Meeting of the Miami Condo Market Investing Club™ that was hosted online on Aug. 14, 2024.
Club founder Peter Zalewski - who is a former business journalist, Wall Street consultant, expert witness and licensed Florida real estate buyside broker - explained the three ways to differentiate condos - New, Used and Vintage - for resale purposes.
After comparing the resale stats for each category based on age, Zalewski also discussed some of the key 2024 revisions to the Florida Condo Law.
The topics are generating increased media attention as units in older condo projects are expected to face greater scrutiny in 2025.
A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims.
Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida.
Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink.
Zalewski also discussed the findings of a seven-part series examining how Florida condo living could change in 2025.
This is a 10-minute clip from the beginning of the August 2024 Monthly Meeting. To watch the entire video, you will have to sign up for he Club by clicking this link.
Besides real estate professionals, developers and lenders, the Club is also ideally suited for Do-It-Yourself (DIY) condo buyers who can utilize our latest statistics, expert opinions and access to consulting services.
We encourage you to listen or view our podcast wherever you get podcasts. Additionally, the podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
If you want more information on condo resale units, please visit CondoVulturesRealty.com or call the office at 305.865.5859.
This information is believed to be accurate and complete but cannot be guaranteed or warranted.
Copyright © 2024 Condo Vultures®, LLC. All Rights Reserved.
Buyers, Owners Rush To Find Out Before 2025
This story appeared in the Miami Condo Market Intelligence Report™ newsletter. To receive all future copies of the newsletter, please visit CondoVultures.com
The audio is AI generated based on the voice of Peter Zalewski, the author of this report and the founder of the Miami Condo Market Investing Club™.
If you live in a Florida condo and don’t know what a SIRS is, consider this your introduction to an acronym that will likely dominate all future association discussions and debates about maintenance fees and special assessments for the foreseeable future.
The SIRS acronym stands for Structural Integrity Reserve Study.
In basic terms, it is a two-part evaluation conducted by experts - such as engineers, architects and reserve specialists - to determine the physical and financial status of all residential structures in a condo association that are at least three-stories high.
Florida requires a SIRS to be conducted every 10 years. The SIRS provides a roadmap for condo association board members - who are usually volunteers that own in a project - to better understand the physical condition of the buildings in a community and what it will cost to maintain them in the future.
To read the report, please visit: https://condovultures.com/what-is-a-florida-condo-structural-integrity-reserve-study-buyers-owners-rush-to-find-out-before-2025/
The podcast currently has 421 episodes available.
4,187 Listeners
3,137 Listeners
16,823 Listeners
1,031 Listeners
7,716 Listeners
564 Listeners
55,933 Listeners
129 Listeners
9,792 Listeners
60 Listeners
5,610 Listeners
1,038 Listeners
4,235 Listeners
7,204 Listeners
131 Listeners