Read the full article at The Real Deal online. Multifamily property owners who acquire buildings through questionable means, often involving mortgage fraud schemes, often face a wealth of challenges. Many are limited experience in property management and ultimately struggle to maintain their buildings, whether that means correcting a sewage backup, fixing a broken pipe, or… Continue reading After allegedly fraudulent deals, who operates a building?
Author: akam_admin
Failure to Communicate
Read the full article at CooperatorNews online. A lack of clear and consistent communication among board members, management, and residents can result in misunderstandings, legal complications, and diminished community morale. Experts emphasize the importance of transparency, setting clear expectations, and involving the community in discussions, especially when making decisions that affect residents. Regular updates, clear… Continue reading Failure to Communicate
Clear Communication
Read the full article at CooperatorNews online. Effective communication is crucial in multifamily communities to ensure smooth operations and resident satisfaction. A comprehensive communication strategy that blends traditional methods with modern technology can facilitate clear and efficient exchanges among residents, board members, and property managers. While digital tools like online resident portals streamline processes such… Continue reading Clear Communication
Charging Forward: “Current” Solutions for EV Charging in Your Community
Joined by The Falcon Group, this webinar highlights the processes and guidelines for installing EV Charging Stations in condominiums, including the different types of charging stations, power requirements, permitting needs, and operational guidelines for the community. Panelists include: – David Riddle, Director of West Palm Beach at The Falcon Group – Marc Batista, Business Development… Continue reading Charging Forward: “Current” Solutions for EV Charging in Your Community
Handling Mismanagement
Read the full article at CooperatorNews online. A strong partnership between property management teams and building boards requires effective communication, clear goals, and transparency to ensure smooth operations. Regular meetings and performance reviews can also help monitor progress and avoid misunderstandings between the two. David Unger, Senior Vice President of Management at AKAM, emphasizes the… Continue reading Handling Mismanagement
The Ups and Downs of Elevator Safety Maintenance
This session focused on elevator upkeep, safety standards, and the challenges faced in maintaining smooth operations. Key maintenance practices, regulatory requirements, and industry trends are highlighted to support boards navigating the complexities of building elevator safety. Panelists include: – Erica Dalesandro, Business Development Manager at Nouveau Elevator – Alex Argento, Vice President of Operations, AKAM… Continue reading The Ups and Downs of Elevator Safety Maintenance
Gauging Management Performance
Read the full article at CooperatorNews online. The property management industry is undergoing significant changes driven by technology, societal shifts, evolving expectations from boards and residents, and an expanding range of amenities. However, core responsibilities for property managers remain unchanged, and a strong relationship based on trust, strong communication, and clearly defined expectations between property… Continue reading Gauging Management Performance
Florida Capital Projects 101
Capital projects involve large-scale renovations and require careful planning, budgeting, and coordination. With the help of an owner’s representative and property management firm, projects are more likely to stay on track and maintain daily operations. AKAM was recently joined by Lisa A. Magill, Esq., Of Counsel at Kaye Bender Rembaum, to discuss the ins and… Continue reading Florida Capital Projects 101
The Great Reset: Florida’s Evolving Building Inspections and Management Shifts
Read the full article at Buildings online Florida’s building management landscape is undergoing a significant transformation driven by new legislation, most notably the Condo 3.0 Law. This law mandates stricter building maintenance and management practices, with a focus on structural integrity reporting, reserve planning, and increased accountability for property managers and board members. The law… Continue reading The Great Reset: Florida’s Evolving Building Inspections and Management Shifts
The President’s Role
Read the full article at CooperatorNews online. The role of a board president in cooperatives, condominiums, and homeowners associations (HOA) is complex and multifaceted, requiring a mix of leadership, communication, and management skills. Depending on the community’s size, structure, and needs, a president’s key responsibility is to balance the needs of residents while guiding the… Continue reading The President’s Role
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