Miami Real Estate Investing Podcast With Peter Zalewski

In the aftermath of the Surfside condo collapse, the Florida Legislature has made a number of changes to the state's condo law in 2024. This is one of the changes.

Property managers and their respective management companies are now required to disclose “conflicts of interest” at the condo projects they oversee in Florida.

Failing to do so could lead property managers and/or their management companies to face a variety of penalties, including formal reprimands, suspension or revocation of their licenses and fines up to $5,000 per incident.

As part of the new Florida legislation, condo associations can now “cancel” management contracts without facing “termination fees, liquidated damages, or other form of penalty for such cancellation.”

The dollar-amount threshold for the “conflicts of interest” to apply is less than $3,000.

Read the report: https://peterzalewski.substack.com/p/florida-wants-property-managers-to

In the aftermath of the Surfside condo collapse, the Florida Legislature has made a number of changes to the state’s condo law in 2024. This is one of the change.

During the 2024 Florida legislative session, the law was broadened – by deleting specific language – to allow condo board directors, officers and managers to be charged with third-degree felonies for “knowingly” soliciting, offering to accept or accepting “kickbacks.”

The move is part of an ongoing effort by the Florida legislature in the aftermath of the Champlain Towers South condo collapse in Surfside to bring more transparency to condo associations, which have a reputation for being shrouded in secrecy, intimidation and corruption

What is your outlook for South Florida condos? Take our anonymous survey. All results will be published in a report scheduled for July 23, 2024.

Board members – who are usually volunteers and responsible for deciding which vendors to hire and fire – have increasingly been in the news in South Florida. Many of the allegations are related to purportedly accepting a variety of perks and benefits, including free renovations to the interior of their units.

Read the report: https://peterzalewski.substack.com/p/florida-condo-directors-on-notice

Miami Condo Buyers Beware: New Florida Law Changes May Affect Your Investment

Check out the latest issue of the Miami Condo Market Intelligence Report™.

Read the MIR: https://peterzalewski.substack.com/p/miami-condo-buyers-beware-new-florida

To subscribe to the MIR newsletter, please visit: https://peterzalewski.substack.com/p/subscribe

(This is the first part of a four-part video series. To watch the entire video series, please join the Miami Condo Market Investing Club™)

Watch the Club's Monthly Meeting for July 2024 that was hosted by Miami condo expert Peter Zalewski.

Zalewski spoke for about 75 minutes at the third Monthly Meeting of the Miami Condo Market Investing Club™ that was held at Noon (EST) on July 10, 2024.

(Please note, this is a segment from the Monthly Meeting video. To watch the entire video, you have to be a member of the Miami Condo Market Investing Club™. To join, please visit: https://condovultures.com/membership/)

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.

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.

The discussion also focused on the South Florida condo stats for the first six months of 2024, a new four-part video series that provides a narration of the Florida Condo Act and the outlook for the tricounty market.

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

Additionally, we encourage you to listen or view our podcast wherever you get podcasts. Additionally, the podcast is available on Apple, Spotify and/or YouTube.

This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com

Copyright © 2024 Condo Vultures®, LLC. All Rights Reserved.

(Season 5, Episode 13 - June 28, 2024)

Real Estate Editor Brian Bandell of the South Florida Business Journal appears on the Miami Reporters Roundtable Podcast (@MiamiRRP) this week for the 13th episode of season five.

Created in 2020, the weekly podcast - which is scheduled to air 20 shows this season - features a panel of four former and/or current journalists discussing critically the top real estate and economic new stories from the previous week.

The objective of the podcast is to cut through the promotional hype of South Florida real estate, in hopes, of assisting viewers and listeners to better understand the latest market trends.

Former real estate and finance reporter Peter Zalewski - who now runs CondoVultures.com - moderates the one-hour discussion that features six articles that are - or could be - impacting the South Florida economy.

Every week Zalewski (@PeterAZalewski) is joined by a visiting journalist, such as Bandell (@BrianBandell), as well as regular commentators John Fakler (@JTFakler) - who was a journalist for 20 years writing about white-collar crime and business at publications including the South Florida Business Journal - and former real estate, banking and insurance journalist Jean Gruss (@JeanGruss), who now runs GrussPR.com.

The Miami Reporters Roundtable Podcasts can be viewed or heard wherever you get your podcasts. Alternatively, this podcast is available on the YouTube.com channel: CondoVultures.

For this episode, the roundtable discusses these stories:

1. Housing Market To Remain ‘Stuck’ Until At Least 2026, Bank Of America Says (CNBC)

'https://www.cnbc.com/2024/06/25/housing-market-to-remain-stuck-until-at-least-2026-bank-of-america.html

2. Last Sears In South Florida Could Be Redeveloped Through Live Local Act (South Florida Business Journal)

'https://www.bizjournals.com/southflorida/news/2024/06/17/sears-miami-coral-way-redeveloped-residential.html

3. South Florida Attorney Accused Of Helping Woman Steal Home (Local10.com)

'https://www.local10.com/news/local/2024/06/11/south-florida-attorney-accused-of-helping-woman-steal-home/

4. The End Of Wynwood? Massive Projects Would Remake Miami's Hippest Neighborhood (Miami Herald)

'https://www.miamiherald.com/news/local/community/miami-dade/article289287445.html

5. Waldorf Astoria Tower In Miami Nabs Record $668M Construction Loan (South Florida Business Journal)

'https://www.bizjournals.com/southflorida/news/2024/06/14/waldorf-astoria-miami-commercial-real-estate-loan.html

6. Aventura Man Accused Of Stalking Former Condo Board Opponent, Brandishing Weapons (Local10.com)

'https://www.local10.com/news/local/2024/06/05/aventura-man-accused-of-stalking-former-condo-board-opponent-brandishing-weapons/

To ask a question or make a comment, please contact us on social media (@MiamiRRP).

If you want to support the podcast, please check out our official merchandise at: 'https://condovultures.com/shop/

You are invited to sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com

Additionally, we encourage you to check out our video and audio podcasts.

This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com

This latest issue of the Miami Condo Market Intelligence Report™ is the first of a five-part series examining dramatic changes coming as a result of the Surfside condo collapse.

Report: https://peterzalewski.substack.com/p/should-you-worry-about-floridas-2025

The MIR newsletter has been published since 2007 but today marks the first time the MIR newsletter is available in audio and video.

Readers of this week's MIR newsletter - and all MIR newsletters going forward - will notice the video has the exact same content as the digital version that is emailed to readers but is spoken by a voice that sounds like expert Peter Zalewski.

The speaker is not Peter Zalewski but rather an AI-generated voice based on his voice.

This way, MIR newsletter readers can now read, listen or watch the content that is published every week.

If you are not yet a subscriber, we would encourage you to sign up at CondoVultures.com

In this segment of the "Miami Reporters Roundtable Podcast With Peter Zalewski," a panel of four current and former journalists discuss South Florida's ability to attract tech companies as well as qualified workers once again.

This week's panel is comprised of Zalewski (@PeterAZalewski) along with former business reporters John Fakler (@JTFakler), Jean Gruss (@JeanGruss) of GrussPR.com and David Lyons (@DavidVLyons), senior staff writer for the South Florida Sun Sentinel.

The discussion is based on this story from the South Florida Sun Sentinel: South Florida Sees Gains In Relocating Tech Workers To The Region, But Are They Enough To Fill The Demand?

'https://www.sun-sentinel.com/2024/04/22/south-florida-sees-gains-in-relocating-tech-workers-to-the-region-but-are-they-enough-to-fill-the-demand/

The objective of this program is to cut through the fluff and hyperbole of South Florida real estate marketing, in hopes, of assisting the audience to better understand the latest trends.

To ask a question or make a comment, please contact us on social media (@MiamiRRP).

If you want to support the podcast, please check out our official merchandise at: 'https://condovultures.com/shop/

You are invited to 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™.

'https://condovultures.com/membership/

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 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 check out our podcasts on Apple, Spotify and YouTube or wherever you get podcasts.

This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com

In this segment of the "Miami Reporters Roundtable Podcast With Peter Zalewski," a panel of four current and former journalists discuss the nearly 8,500 new residential units in the pipeline for the Miami World Center neighborhood in Greater Downtown Miami.

This week's panel is comprised of Zalewski (@PeterAZalewski) along with former business reporters John Fakler (@JTFakler), Jean Gruss (@JeanGruss) of GrussPR.com and David Lyons (@DavidVLyons), senior staff writer for the South Florida Sun Sentinel.

The discussion is based on this story from The Real Deal: Miami Worldcenter's Pipeline Of 8,000 Units, 500 Hotel Keys

'https://therealdeal.com/miami/2024/04/01/map-miami-worldcenters-pipeline-of-8k-units-500-hotel-keys/

The objective of this program is to cut through the fluff and hyperbole of South Florida real estate marketing, in hopes, of assisting the audience to better understand the latest trends.

To ask a question or make a comment, please contact us on social media (@MiamiRRP).

If you want to support the podcast, please check out our official merchandise at: 'https://condovultures.com/shop/

You are invited to 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™.

'https://condovultures.com/membership/

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 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 check out our podcasts on Apple, Spotify and YouTube or wherever you get podcasts.

This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com

(Season 5, Episode 12 - June 14, 2024)

Commercial real estate writer Francisco Alvarado of The Real Deal appears on the Miami Reporters Roundtable Podcast (@MiamiRRP) this week for the 12th episode of season five.

Created in 2020, the weekly podcast - which is scheduled to air 20 shows this season - features a panel of four former and/or current journalists discussing critically the top real estate and economic new stories from the previous week.

The objective of the podcast is to cut through the promotional hype of South Florida real estate, in hopes, of assisting viewers and listeners to better understand the latest market trends.

Former real estate and finance reporter Peter Zalewski - who now runs CondoVultures.com - moderates the one-hour discussion that features six articles that are - or could be - impacting the South Florida economy.

Every week Zalewski (@PeterAZalewski) is joined by a visiting journalist, such as Alvarado (@TheFrankness), as well as regular commentators John Fakler (@JTFakler) - who was a journalist for 20 years writing about white-collar crime and business at publications including the South Florida Business Journal - and former real estate, banking and insurance journalist Jean Gruss (@JeanGruss), who now runs GrussPR.com.

The Miami Reporters Roundtable Podcasts can be viewed or heard wherever you get your podcasts. Alternatively, this podcast is available on the YouTube.com channel: CondoVultures.

For this episode, the roundtable discusses these stories:

1. Feds Said Drug Money Fueled Florida Firm's Real Estate Buying Spree (Miami Herald)

'https://www.tampabay.com/news/florida/2024/06/10/feds-said-drug-money-fueled-florida-firms-real-estate-buying-spree/

2. Wynwood's Tech Office Boom Hits A Short Circuit (The Real Deal)

'https://therealdeal.com/miami/2024/05/22/wynwoods-tech-office-boom-hits-a-short-circuit/

3. Aventura Condo Board President Arrested For Pepper-Spraying Senior In Parking Spat, Cops Say (Local10 WPLG)

'https://www.local10.com/news/local/2024/06/10/aventura-condo-board-president-arrested-for-pepper-spraying-senior-in-parking-spat-cops-say/

4. Hidden Danger Of 'Punching Shear' A Wake-Up Call For South Florida's Aging Condos | Opinion

(South Florida Sun Sentinel)

'https://www.sun-sentinel.com/2024/06/10/hidden-danger-of-punching-shear-a-wake-up-call-for-south-floridas-aging-condos-opinion/

5. Judge Allows Rishi Kapoor To Sell His Cocoplum Home (The Real Deal)

'https://therealdeal.com/miami/2024/06/06/judge-allows-rishi-kapoor-to-sell-his-cocoplum-home/

6. Well Bay Harbor Island Is Burying Crystals In Its Building Foundation (Fast Company)

'https://www.fastcompany.com/91137001/well-bay-harbor-island-burying-crystals

To ask a question or make a comment, please contact us on social media (@MiamiRRP).

To support the podcast, please check out our merchandise at: 'https://condovultures.com/shop/

You are invited to 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 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 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. Additionally, the podcast is available on Apple, Spotify and/or YouTube.

This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com