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'I needed to return to work': Florida condo owners face unretiring or selling their homes after being hit with a striking $100,000 in special assessment fees Bethan Moorcraft July 23, 2024 at 4:20 AM
Investing in real estate can be an excellent way to diversify your investments while hedging against inflation. For this reason, many real estate investors use property management companies or ...
Exclusive: Miami Herald received data from real estate firm Redfin to determine the average increase in HOA fees in South Florida since 2019.
All meetings and records must comply with the Florida Sunshine Law, and an annual audit is also required. [2] As of 2012, Florida had over 600 CDDs with municipal bonds totalling $6.5 billion. Nearly three-quarters of them were established during the housing boom years between 2003 and 2008.
A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property Each tenant pays their pro rata share of a property's total CAM charges, which prorated share is the percentage of the tenant's rented square footage of the total, rentable square ...
Management fees typically range from 1% to 4% per annum, with 2% being the standard figure. [citation needed] Therefore, if a fund has $1 billion of assets at year-end and charges a 2% management fee, the management fee will be $20 million. Management fees are usually expressed as an annual percentage but both calculated and paid monthly (or ...
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