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There is plenty of time to let the community members know what the new monthly assessments will be for the coming year.

There is plenty of time to let the community members know what the new monthly assessments will be for the coming year.

  • Posted: Dec 02, 2021
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Budgets: Boards How are you doing?

Most community associations have their budget meeting in the month of November for the upcoming year.  By doing it in November there is plenty of time to print new coupon books and let the community members know what the new monthly assessments will be for the coming year.

In terms of notice, in a condominium the budget must be sent to the owners at least 14 days before the budget meeting.  In an HOA, The association shall provide each member with a copy of the annual budget or a written notice that a copy of the budget is available upon request at no charge to the member.

Don’t forget that in a condominium, in addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. These accounts must include, but are not limited to, roof replacement, building painting, and pavement resurfacing, regardless of the amount of deferred maintenance expense or replacement cost, and any other item that has a deferred maintenance expense or replacement cost that exceeds $10,000.

Condo boards need to be well aware of the reserve requirement.  To be clear, the Board MUST send out a budget that includes fully funded reserves.  That is all they are required to do.  However, if they want to, they can give the owners the opportunity to vote for an alternative budget such as a budget that contains no reserves or partially funded reserves.  Remember that if a majority of a quorum of owners does not vote for a budget that does not contain full reserves, fully funded reserves shall go into effect.

In a post Champlain Towers world, I think things may be a little different this year.  I think lots of Board members will want to have fully funded reserves in their budget.  They don’t want to be short millions of dollars when the time comes, and it will, for millions of dollars in repairs.

Delinquencies are starting to pick up as well.  So, make sure you have a line item in your budget for “bad debt.”   For example, if your assessments are $6,000.00 per year and you’re pretty sure that 5 owners won’t pay  a dime, you should put $30,000.00 as an line item in your budget for bad debt.  That way you collect enough money to pay the bills.

Keep in mind that electricity prices are expected to rise 18%.  Also remember that some of your long term contracts may have clauses requiring automatic rate increases every single year.  F I still get the same question all the time…who passes the budget; the board or the unit owners? The answer is…the board and only the board.  Food prices are going up, the cost of materials are going up, electricity is going up, the cost of labor is going up, and worst of all, insurance rates for condominiums are simply skyrocketing, with some associations complaining that their rates have tripled.  So, all this means in no uncertain terms, that condo assessments are about to go up as well.  It also seems pretty clear that it will become extremely difficult if not impossible to waive reserves starting next year.  Yes, it’s about to get a lot more expensive to live in a condominium, especially if you were kicking the can down the road and always waiving reserves.  I don’t envy condo boards at their next budget meetings where they will be forced to tell the members of their community that their monthly assessments are about to go up, in fact way up.  Buckle up everyone in a condo, you’re in for a bumpy ride going forward.

 

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Natural Gas Fuel Stations  by Becker Lawyers

Natural Gas Fuel Stations by Becker Lawyers

  • Posted: Dec 02, 2021
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Natural Gas Fuel Stations

 BY  / of Becker

A few years ago, the Florida Legislature recognized that the use of electric vehicles conserves and protects the state’s environmental resources, provides significant economic savings to drivers, and serves an important public interest.  As a result, the Legislature created Section 718.113(8), Florida Statutes, to allow unit owners to install electric vehicle charging stations within the boundaries of the unit owner’s limited common element parking area.  During the 2021 legislative session, the Legislature expanded the statute to allow unit owners to also install natural gas fuel stations for a natural gas fuel vehicle.  The term “natural gas fuel” is any liquefied petroleum gas product, compressed natural gas product, or a combination of these products used in a motor vehicle. The term includes all forms of fuel commonly or commercially known or sold as natural gasoline, butane gas, propane gas, or any other form of liquefied petroleum gas, compressed natural gas, or liquefied natural gas. However, the term does not include natural gas or liquefied petroleum placed in a separate tank of a motor vehicle for cooking, heating, water heating, or electricity generation.

While the board may not prohibit a unit owner from installing an electric vehicle charging station or a natural gas fuel station within the boundaries of a limited common element or exclusively designated parking area, the board can impose certain requirements, including, but not limited to, a requirement that the electric vehicle charging station or natural gas fuel station must be separately metered or metered by an embedded meter and payable by the unit owner installing such charging or fuel station.

In addition to expanding the statute for natural gas fuel vehicles, the Legislature also amended the statute to give associations the authority to install or operate an electric vehicle charging station or a natural gas fuel station upon the common elements or association property as a common expense, and such installation does not constitute a material alteration to the common elements or association property.  As alternative fuel vehicles become more and more popular and as car manufacturers continue to transition away from gas vehicles, condominium associations now have the ability to add electrical vehicle charging stations and/or natural gas fuel stations on the common elements or association property to accommodate these new types of vehicles by a vote of the board of directors only.

Associations should take a proactive approach to this issue and consider adopting a policy for unit owner installed electric vehicle charging stations and/or natural gas fuel stations.  In addition, associations should start considering whether there are areas on the common elements or association property that would accommodate these installations by the association for the use of all owners as a common expense.

 

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With all the news about the Smash and Grab crimes in the news, We felt compelled to let you know the members in our Security and Surveillance helping Condo and HOA’s with Protection Services.

With all the news about the Smash and Grab crimes in the news, We felt compelled to let you know the members in our Security and Surveillance helping Condo and HOA’s with Protection Services.

  • Posted: Nov 30, 2021
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First of all it is the Safety of each and every Owner in our buildings that concerns us.  Now days this should be the first thought for all Board Members.

Next should be How and Where you can find the best companies for this decision for protection of the property.

 

SFPMA provides a Directory of the Top Professionals for Condo and HOA’s in Florida. 

This open Directory is avail for all to view, in budget season you should be looking for the right companies for your buildings and Owners within, Find and reach out for the services they offer you and your communities.

 

Below are a few of our Member Companies: 


United Security, Inc

1.800.874.6434

United Security Inc. (USI) provides contract security solutions and investigation services to a select group of vertical markets. For the past 29 years, USI has created safe, secure environments for commercial and government employees and customers by investing in our people, innovation and relationships. USI is committed to delivering:

  • Responsive management and security personnel
  • Continuous quality improvement and training
  • Consistent, client-focused service and performance

 

For the past 27 years, USI has created safe, secure environments for commercial and government employees and customers by investing in our people, innovation and relationships. As engaged, owner-operators, our investment begins with recruitment and screening to ensure we have the right people and continues through our policies and practices that enable USI to properly train and retain the best personnel.


ArchAngel Security

561-542-9263

Welcome to Archangel Security

After years in parking compliance and towing services, we saw a real need for organized, reliable, and effective security services for residential and commercial property managers.

We keep costs low, services safe and simple, and always protect the property first. Our licensed and trained security monitors are ready to help you take and maintain control of your parking compliance and safety needs.

We are licensed in the state of Florida, LIC #B1400043 and insured.

 

 


FSW First Response Solution Inc

352-818-9499

Safety is Top Priority

FSW First Response Solution Inc. serves residential, commercial, government, and industrial clients. Through our top-notch, 24-hour security services, we’ll ensure your safety and protection.

In this modern age, it is never wrong to be extra careful when it comes to hiring security. We should do all the things necessary to ensure our property and loved ones’ safety.

Hire our expert crew here at FSW First Response Solution Inc. We are a family-oriented organization that provides safety and security solutions to every household and establishment in Florida. Contact us to request for free quotes and estimates!

 

 


Here are other ways Buildings should look into for Security

All In One System – manage so many devices on you properties. you control access for owners and guests at your fingertips!


Smart Entry Systems

(626) 213-7557

All In One System – manage so many devices on you properties. you control access for owners and guests at your fingertips!

  • Simple Installation, Wirelessly connects to the Internet using plain WiFi without the need to pay for land lines, POTS, VOIP, SIP, nor LTE.
  • Surveillance Camera Integration, Pull images from other camera(s) mounted near by the entrance for a multi-directional view of the access  w/ event in the entry log.
  • Create temporary guest codes for pre-authorized visitors using the phone app.
  • Conveniently manage your property with a browser from anywhere with Internet access.
  • Accept deliveries from any shipper, residents can collect packages 24/7. Mix and match from 9, 6, or 4 door models to suit your community.
  • Eliminate coins from communal washers, dryers, electric car charging stations, short term rentals of conference and party room

Smart Entry Systems

http://www.smartentrysystems.com/
(626) 213-7557
sales@smartentrysystems.com


iDENTYTECH Solutions America, Inc.

888 703-7150

iDentyTech is a leading provider of intuitive Identity management products and solutions. Founded in 2010 IdentyTech™ provides its worldwide customers with best-in- class complete identity management solutions. We further offer custom engineered solutions for those customers requiring proprietary solutions. IdentyTech has field proven solutions for Corporate Enterprise, government and Financial services, healthcare, schools, Transportation, Small Medium businesses and many others.

With over 15 years’ experience in the industry, our team will respond rapidly to your needs, no matter how complex or unique they are. Matched by business-focused, technical support, our response to your objectives has led to the highest levels of customer satisfaction in the industry. At the heart of the company, is a team of skilled developers, programmers and technical support staff, Along with sales, marketing and administration staff that are committed to providing our customers with unrivaled solutions, expertise, service and support.

 

 

Rodrigo Perez de Tudela
305-505-7132
rodrigo@identytech.com
Sales and Business Development Director
iDENTYTECH Solutions America, Inc.


 

FIND COMPANIES TO HELP YOU WITH YOUR BUDGETS RFP’S

If you are not a Listed Member Get listed today!

 

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Water leaks are one of the leading causes of homeowners’ insurance claims, Our AKWA Technologies system does this for you automatically 24/7/365 whether you are at home or not, minimizing the damage caused…

Water leaks are one of the leading causes of homeowners’ insurance claims, Our AKWA Technologies system does this for you automatically 24/7/365 whether you are at home or not, minimizing the damage caused…

  • Posted: Nov 30, 2021
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Water Damage – The most common cause of loss for condo owners

WATER DAMAGE: THE MOST COMMON CAUSE OF LOSS FOR CONDO OWNERS

From burst pipes to appliance leaks, to HVAC malfunctions and more, according to PURE’s claims data, water damage is the number one cause of loss among condo owners. In fact, more than 70% of condo claims reported to PURE have been the result of water damage. Although some instances are out of a condo owner’s control—like a toilet overflow originating from the unit above that allows water to leak through the ceiling to a PURE member’s condo below, or water backup from a building’s rooftop pool—the majority of claims can be prevented by taking proactive steps today to reduce the likelihood of water damage in the future. ​

Research and analysis conducted by our claims and risk management team uncovered some of the most frequent types of water losses experienced by PURE members and steps you can take to protect your condo and the other valuable belongings within it. ​

Appliance Malfunction When the water filtration system installed underneath a member’s sink failed overnight, water flowed throughout the kitchen and surrounding rooms for several hours until the member woke up the next morning. Luckily, the building was able to shut off the water and begin immediate remediation to prevent the damage from becoming even more severe but not before the marble tile flooring, kitchen cabinets, wall panels and drywall were extensively impacted. Damage was even caused to the neighbor’s unit below, resulting in more than $100,000 of damage. Home appliances with pipes or other fixtures that feed into a water line—including refrigerators, dish washers, ice makers, washing machines, toilets, HVAC systems and more—have the potential to malfunction, develop blockages or spring leaks that can lead to significant water damage. However, there are a number of inexpensive devices ranging from $50-$200 that can help detect or even prevent such an event from occurring.

To mitigate your risk, consider taking the following steps:​

  • Install water leak detection sensors on individual appliances prone to water loss. These devices have the ability to detect and notify you of a water leak. In addition to sounding an alarm, Wi-Fi connected devices can notify you even when you’re away from home by sending an alert to your smartphone.

  • Automatic water shut off devices, go a step further by automatically turning off the water supply when a leak is detected to prevent further damage.

  • Install an HVAC safety switch or float switch on the water pan underneath your unit to automatically stop the system from operating when an overflow is detected. While your unit may have been equipped with a safety switch at the time of installation, older units are less likely to be equipped with these devices.

  • Install a drain pan beneath your washing machine to catch leaks due to washing machine overflow or hose failure. The drain pan, which slides underneath your washing machine and provides the first line of defense against leaks, is connected to a drainpipe to move water away from the area. Because drain pans are typically made of plastic or another composite material that may break or crack over time, it’s important to be observant of the drain pan’s condition and replace it periodically to be adequately protected.

  • Opt for braided metal supply lines. Ensure all appliances that are connecting to a water source are equipped with braided metal hoses which are far more resistant to leaks compared to standard rubber hoses. At about $10 each, this simple and inexpensive step can help to prevent a costly claim.

  • Prevent toilet blockages. To avoid a toilet overflow, consider the types of materials and quantity of products flushed. Note: ‘Flushable’ wipes should not be flushed and put into the sewage system.


Water leaks are one of the leading causes of homeowners’ insurance claims.

  • Leaks can occur on every level of your condominium from the penthouse to the ground floor common areas. Oftentimes they begin at your washing machine, water heater, toilets, sewer/sump pump, refrigerator, dishwasher, sinks, showers, HVAC system, and more insidiously when pipes start leaking in the walls. This makes water damage something most homeowners will experience in their lifetime.
  • Single unit water damage is troublesome enough – in a condominium environment, adjacent units and even units several levels below can be adversely affected.
  • Stopping the flow of water immediately is the key to mitigating the extent of the damage.

Our AKWA Technologies system does this for you automatically 24/7/365 whether you are at home or not, minimizing the damage caused and in many cases preventing the disaster that would follow.

 

Protect your assets from water damages caused by water leaks

For High-Rise Condos / Multi-family Homes / Commercial buildings

Offices in Florida and Canada
Valérie Mélignon
Executive Director, Strategic Alliances
941-726-7806
valerie@AKWAtek.com
www.AKWAtek.com

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Mulch For You – We have a fleet of nine high-end mulch installation vehicles with the ability to blow yards of mulch products we carry in a single visit.

Mulch For You – We have a fleet of nine high-end mulch installation vehicles with the ability to blow yards of mulch products we carry in a single visit.

  • Posted: Nov 30, 2021
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Mulch For You, Inc

 

Mulch for You was originally established as Bolling Forest Products by Russell Mueller over thirty years ago. His vision was to build a company and its reputation by consistently providing the highest quality products and service to each and every customer. This is the foundation and cornerstone of what Mulch For You has become and is today.

We’ve always been known as the leader in providing innovative new methods and products and the first in Central Florida to bring Mini Pine Bark Nuggets and Classic Red Designer mulch to the market. Since then, we’ve introduced ADA Engineered Playground Chips and created multiple designer mulches in a variety of textures and colors. We’ve also been instrumental in helping guide the market away from environmentally sensitive woods such as cypress. In 1998, we introduced the express mulch blower service to Central Florida. Today we have a fleet of nine high-end mulch installation vehicles with the ability to blow yards of mulch products we carry in a single visit. This service has eliminated the time-consuming and backbreaking work of shoveling and spreading mulch by hand.

Our team cares deeply for the work they do and understands how much it means to have a beautifully finished job. Our company not only has the knowledge and experience to do the job right, but also quality products we know and trust. It’s what we do.

We look forward to working with you and meeting your mulch and soil needs

Maddy Weeks
mweeks@mulchforyou.com
Express Blower Sales Manager
407-869-9003
Mulch For You, Inc
1705 EE Williamson Rd. Longwood, Fl. 32779
http://www.mulchforyou.com

A guide to holiday decorating that will keep you off your HOA’s naughty list

A guide to holiday decorating that will keep you off your HOA’s naughty list

  • Posted: Nov 26, 2021
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A guide to holiday decorating that will keep you off your HOA’s naughty list

Check your association’s bylaws before making your home festive

The holidays are here, and many of the 74.1 million Americans who reside in community association neighborhoods are preparing to decorate their homes. These homeowners should be aware that many community associations have bylaws that regulate lights, trim and decorative displays. The most common association rules that regulate holiday decorations address:

  • Time. Many homeowners associations (HOAs) regulate the hours that lights may be illuminated and dates on which decorations can be displayed before and after a holiday.
  • Location. Most community association rules limit placement. In neighborhoods of single-family houses, decorations are generally permitted on the exterior of the home and must be kept within the boundaries of the yard. Owners should ensure decorations do not blow into a neighbor’s yard. In attached condominiums, many associations limit or preclude holiday decorations in common areas such as hallways and doors. Most condominium bylaws contain a restriction that prohibits an owner from making a modification to the exterior of a unit without permission from the association.
  • Nuisance. Bylaws typically preclude homeowners from creating a “nuisance.” While this definition is somewhat subjective, it could include holiday lights that are too bright or Christmas music that is played loudly throughout the night. In most cases, common sense dictates what may be disruptive to neighbors.
  • Safety. Most bylaws or rules aim to prevent dangerous or hazardous activities. If your holiday display creates a fire hazard or attracts numerous visitors who park in the street and block access for emergency vehicles, you may run into issues with your association or the local municipality.

HOA rules are intended to protect the health, safety and welfare of the community; complying with the restrictions is mandatory. Homeowners who fail to do so may initially receive a warning from the association, but continued noncompliance could result in fines or a court injunction to have the decorations removed.

Homeowners who have an issue with the holiday-decorations rules should request a meeting with the board to ask if they can be revised. Board members should be receptive to reasonable input from owners and craft rules accordingly; most owners don’t want an Ebenezer Scrooge on the board.

Fair Housing Act implications may make some holiday rules unenforceable. Religious discrimination is illegal under the act. An HOA is not allowed to show preference to one religion over another. When drafting rules, associations should be careful to avoid using terms that refer to specific holidays such as Christmas, Hanukkah or Kwanzaa. Rather, the rules should apply to all “holiday decorations” or reference “holiday trees” to ensure the religious beliefs of certain owners are not given preferential treatment.

Before decorating your home, review the community association rules to determine what restrictions, if any, exist that would regulate holiday displays. It’s a good idea to contact the community manager or the board of directors for guidance. While the holidays are a time to celebrate, owners who fail to review their association’s rules may end up with coal in their stockings. by By Kevin M. Hirzel

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Find Members ready to help with Management, Business and Services for your properties.

Find Members ready to help with Management, Business and Services for your properties.

  • Posted: Nov 24, 2021
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Find Members ready to help with Management, Business and Services for your properties.

Property Maintenance is an integral part of managing the day to day operations for every type of property.

Search the Members Directory for Companies working with Property Management, Condo and HOA properties in Florida from Tallahassee to the Keys.


 

Become a Member

Get your company listed on the Florida Directory

Use Code till Dec 30, 2021 and save on your membership with SFPMA

Use the code below at signup/payment screen and your membership is set at 255.00.

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Inspection Companies
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THANKSGIVING IS BECOMING A TOUGH HOLIDAY  By Eric Glazer, Esq.

THANKSGIVING IS BECOMING A TOUGH HOLIDAY By Eric Glazer, Esq.

  • Posted: Nov 24, 2021
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THANKSGIVING IS BECOMING A TOUGH HOLIDAY

By Eric Glazer, Esq.

Who doesn’t love the tradition of Thanksgiving?  It starts off with The Macys Thanksgiving Day Parade from the morning to noon.  By noon the house starts to smell great, football comes on the tube, the family gets together, fights about politics break out and everyone eventually goes home both full and angry.  You gotta love Thanksgiving.

The last two years have been tough though.  Thanksgiving in 2020 kept almost all families apart because of the Covid 19 situation.  More families probably had Thanksgiving by ZOOM than they did in person.  It was sad, countless other families had an empty plate or two at the dinner table because of loved ones they lost due to the virus.  It really was a nightmare for almost all of us.

This year, while Covid certainly seems to be far less of a factor, we can’t help but think about the tragic loss of lives at the Champlain Towers in Surfside.  I had to see it for myself and I will tell you that the scene was indescribable.  I saw the 9-11 destruction in person and while certainly on a smaller scale, Champlain Towers was no less dramatic when you realized how many lost their lives in the rubble.  How many were simply unaccounted for.

So what will Thanksgiving 2022 be like in our condominium associations?  I don’t want to be a downer on the holidays, but for many, it’s not going to go well.  Of course we will still be happy that we are sitting with our families for another year.  If we have good health, we will be happy for that.  But I guarantee this, this time next year many Florida condominium unit owners may not be able to afford to make a turkey dinner in their homes.

As I said on the show last week, it’s as if a perfect storm is coming together all at once.  Food prices and gasoline are soaring, the price of insurance in our condominiums and the cost of labor are soaring.

Insurance in some condominiums is tripling in price resulting in incredible increases in monthly assessments.  And of course, by this time next year, rest assured that there will be laws in place making it impossible to waive reserve funding in your community at least for your roof, electrical and structural components.  In other words, besides the cost of insurance, the fact that you won’t be able to waive reserves will make your monthly assessments skyrocket even more.  Next Thanksgiving there are going to be many people sitting at their Thanksgiving tables wondering if this is the last Thanksgiving they will be spending in a condominium that they may have been living in for decades.  They’re simply getting out priced and won’t be able to afford it any longer.  And it’s sad.

But have no fear……we know how much Florida loves to treat its developers.  So look forward to laws that will allow developers to buy up units, kick out the old folks and build more buildings that people from mostly foreign countries can buy and put tenants in.

So to all of you and your families….I wish a happy and healthy Thanksgiving Holiday, and I hope it’s not the last one you get to spend in your current home.

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We Are Thankful For YOU – We are grateful for our dedicated colleagues, vendor partners, and loyal clients who have a passion for preserving aquatic resources.

We Are Thankful For YOU – We are grateful for our dedicated colleagues, vendor partners, and loyal clients who have a passion for preserving aquatic resources.

  • Posted: Nov 24, 2021
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We Are Thankful For YOU

We are grateful for our dedicated colleagues, vendor partners, and loyal clients who have a passion for preserving aquatic resources.

As Thanksgiving approaches, we’d like to thank you for your ongoing support. Because of you, we get to enhance and preserve lakes and ponds across the country while also making positive impacts in our local communities through The SOLution. We hope you have a safe and joyful Thanksgiving with your loved ones!

https://www.youtube.com/watch?v=Rjgdc8s7FFU&t=1s

Our offices will be closed on the following dates:

Thursday, Nov. 25 &
Friday, Nov. 26

Thanksgiving Holiday

Friday, Dec. 24 & Monday, Dec. 27

Christmas Holiday

Monday, Jan. 3

New Year’s Day (observed)

During this time, contact us here or leave a message at 888-480-LAKE (5253).

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Webinar: Why You Need Good Governing Documents by Becker Lawyers

Webinar: Why You Need Good Governing Documents by Becker Lawyers

  • Posted: Nov 24, 2021
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Webinar: Why You Need Good Governing Documents

Learn why it’s important for condo and community associations to have “good governing documents” and how that is the starting point for effective enforcement. Some of the topics covered will include:

  • Maintenance Responsibilities
  • Conflicts within governing documents and with the statutes
  • Sale and Lease Restrictions
  • Material Alterations

 

————————-

SPEAKERS:

Joseph Adams
SHAREHOLDER
Becker
jadams@beckerlawyers.com

Kevin L. Edwards
SHAREHOLDER
Becker
kedwards@beckerlawyers.com

 

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Real Estate Boom Meets the Crypto Boom Here in Miami – HUGO ALVAREZ

Real Estate Boom Meets the Crypto Boom Here in Miami – HUGO ALVAREZ

  • Posted: Nov 21, 2021
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Real Estate Boom Meets the Crypto Boom Here in Miami

Like our climate, there is no denying that South Florida’s real estate market has been scorching hot.  But while South Florida is well known for its real estate booms and busts, the current cycle is also running right into the latest technological wave – cryptocurrency.

Home prices have climbed to record numbers.  Those prices have been driven by a lack of supply but also by COVID related work and travel restrictions, which make year-round warm weather climates like South Florida very attractive.

At the same time, and while more people are staying at home to work, we have also seen a surge in cryptocurrency demand.  At the time this is posted, Bitcoin is trading at prices greater than $65,000 and analysts are predicting that its price will rise higher by year’s end and beyond.

Miami is currently undergoing a tech boom of its own.  This tech boom coincides with the ongoing and growing demand for cryptocurrency coupled with its unique geographic location.  Miami has hosted, and will continue to host, numerous high profile cryptocurrency events.  And with those high-profile events we will see more demand for our real estate.

All this to say, it is only a matter of time before using cryptocurrency to purchase real estate becomes routine.  We are not there yet but that day is coming.

Opening potential real estate transactions to crypto holders broadens the pool of buyers that sellers can sell to.  But doing so is not without risk.

Crypto is unregulated and prone to fraud.  Crypto transactions may violate certain laws and regulations intending to govern “traditional” transactions.  For instance, the anonymity associated with cryptocurrency may prove challenging when trying to trace the source of the funds which is often a requirement for a “traditional” real estate transaction.  Additionally, given the volatile nature of the crypto price fluctuations it may be difficult to peg the actual sales price of the real estate until the “very last minute.”  And then there are numerous tax implications associated with any crypto transaction that may further complicate a real estate transaction.

While there are numerous challenges in rendering a crypto transaction common place today, with the advent of Web 3.0, and the continued growth of cryptocurrency, it is only a matter of time before real estate transactions are routinely funded in this way.

And Miami, with its booming tech movement and thriving real estate market, will be at the forefront of this coming trend.

Feel free to contact me should you wish to discuss Miami’s ongoing tech movement, crypto, or real estate in general.


Hugo Alvarez

HALVAREZ@beckerlawyers.com

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