Last Call: Wednesday's Meeting To Explore Condo Cliff Risks For Miami Investors
Expert Peter Zalewski of the Miami Condo Market Investing Club™ is hosting the next Monthly Meeting on Wednesday, Jan. 8, to discuss the latest Florida Condo Association Financial Cliff developments.
South Florida condo owners are just starting to experience the effects of the 2025 Condo Association Financial Cliff as invoices for this year’s maintenance fees and special assessments have largely already been distributed and are coming due quickly.
During the holidays, it was nearly impossible to have a conversation or turn on the local news stations without hearing horror stories about skyrocketing monthly condo fees that owners were facing in 2025.
In an effort to better understand - and share with you - what could be coming this year, we spent the first week of January digging into the statistics of the South Florida condo associations that completed their Structural Integrity Reserve Studies (SIRS) by the Dec. 31, 2024, deadline.
We also spent a day trying to obtain copies of the South Florida condo association SIRS reports that were submitted to the state as mandated by law.
As we did, it quickly became obvious that we needed to proceed with three initiatives that we will pursue in 2025:
Figure out the most efficient way to obtain copies of Structural Integrity Reserve Studies (SIRS);
Build a Florida SIRS Database™;
And create the Miami Condo Association Financial Cliff Investors Index™ to track resale trends.
To find out the latest, we encourage you to tune in to the presentation by real estate expert Peter Zalewski at the January Monthly Meeting of the Miami Condo Investing Club™ scheduled for Noon (EST) on Wednesday, Jan. 8, 2025.
The Monthly Meeting is exclusively for Club members. If you are not yet a member, you can join the Club on a monthly basis for $34.99 with this link.
Zalewski - who is a former business journalist, Wall Street consultant, expert witness and licensed Florida real estate buyside broker - is frequently quoted in local, national and international news stories about the South Florida condo market.
In December, Zalewski was featured on CNBC discussing Florida’s condo association challenges in the new year.
The Club’s January Monthly Meeting is your opportunity to listen to Zalewski’s 60-minute-long presentation and ask questions during the 15-minute Questions and Answers session that will follow.
A video copy of the presentation will be available for viewing afterwards.
A link for the event is posted at the bottom of this report behind the paywall. A link will also be emailed to subscribers on Tuesday night, Jan. 7, before the Monthly Meeting on Wednesday, Jan. 8.
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,
Besides real estate professionals, developers and lenders, the Club is also ideally suited for Do-It-Yourself (DIY) condo buyers and real estate agents, alike, who can utilize our latest statistics, expert opinions and access to consulting services.
All of the Club’s preferred vendors have also been invited to the event, including:
Veteran title expert Clarita Rosa of Miami-based Candor Title & Closing Services;
Permit and planning expert Anne-Christine Carrie of Miami 21 Zoning & Entitlements;
Construction contractor Andres Alvarez Murcia of 3A Quality Services Construction And Remodeling;
Wholesaler Jose Suarez of Global Inventory Liquidators;
And veteran lender Grant Stern of Morningside Mortgage Corp.
It is worth noting that all of the Club’s Monthly Meetings are scheduled to be held at Noon (EST) on the second Wednesday of every month. Here is the schedule for the 2024-25 South Florida Winter Buying Season:
Besides access to all reports, charts and Monthly Meetings, the Club also hosts regular MeetUp events for members to talk shop, pitch their services and discuss the latest trends they are witnessing in the trenches of Miami’s volatile condo market.
The next MeetUp event is scheduled from 5.30 pm to 8 pm Tuesday, Jan. 21, 2025, in Greater Downtown Miami.
As with the Monthly Meetings, the Meetup events are exclusively for members of the Miami Condo Investing Club™.
For those wanting even more access, the Founders Club membership offers Text/WhatsApp/email access to Peter Zalewski, an hour of consulting ($700 value) and an invitation to all of the Private Lunch Seminars with experts to discuss the latest condo trends and topics.
We crunch a lot of statistics each week and then publish the results byway of a series of reports posted on MiamiCondo.Club.
If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: MiamiCondo.Club
Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.
If you are seeking information on condo resales in South Florida, please visit CondoVulturesRealty.com or call the office at 305.865.5859.
The views and opinions expressed in this report is for general informational purposes only. It is believed to be accurate and complete based on current market trends but cannot be guaranteed or warranted as circumstances change without notice. It should not be considered as financial, legal, tax or investment advice. This content should not be relied upon as the sole basis for making any financial decisions. Before making any investment or financial decisions, you should consult with a qualified professional to determine the suitability of any investment or strategy for your individual circumstances and goals.
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