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About this episode
Budget season is here—but if you live in a condo building under 3 stories, don’t assume things are as easy as they used to be.
In this episode, we break down why creating a budget for small condominiums in Florida is now a legal and financial tightrope. From mandatory reserve requirements to county-specific inspection laws in Miami-Dade and Broward, skipping the fine print could cost your association big in special assessments or forced loans.
• What reserves are now required
• When and how reserves can still be waived
• Why Dade and Broward buildings are NOT off the hook
• How new inflation-adjusted thresholds affect your budget
• Real talk about what happens if you kick the can down the road
Whether you’re on the board or just trying to understand your next special assessment, this episode is packed with critical insight.
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S3E28
0:00 Start
38:10 Can a board member become the community manager and get paid?
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0:00 — Start
38:10 — Can a board member become the community manager and get paid?