CONDOMINIUMS IN CRISIS:
How Healthy Is Your Building?
Wed, 13 October 2021; 4:00pm – 7:00pm
4:00 P.M. – 4:30 P.M. Check-in & Meet the Sponsors
4:30 P.M. – 6:00 P.M. DSCA Workshop with Moderator & Panelists
6:30 P.M. – 7:00 P.M. Reception
Florida condominium owners are facing a great financial awakening! The insurance rate increases last year were just the beginning to the financial crunch Florida homeowners will soon face. Take the tragedy in Surfside that caused lawmakers to take a closer look at reserve studies, building re-certifications and deferred maintenance. Compound that with a labor shortage and drastic increases for building materials and you have the perfect storm for a financial crisis.
Why You Should Attend:
- With Downtown Sarasota condos/townhouses experiencing an average of 15% increase in annual insurance premiums in 2021; learn what factors are affecting your future insurance premium increases.
- Given today’s competitive labor market, and downtown condos employing nearly 300 staff (Full Time Equivalent), learn how associations are retaining key staff with in-depth knowledge of their building maintenance and operations.
- Since all downtown Sarasota condos/townhouses are conducting Reserve Studies at least every 3 years (some annually); learn if that is sufficient to gauge the health of your building, and what other options are being considered.
- With at least 24 downtown condos more than 35 years old (10 bldgs > 40 years old); learn about options for additional engineering studies or inspections being considered by City, County or State officials, and the possible impact on association fees.
[above info from DSCA 2021 Association Survey]
Join us at this workshop, along other condo/townhouse unit owners, condo board members, condo property managers and staff to gain insights through this interactive workshop. This information is designed to help you in your planning for a healthy and safe building where you and your family make your home.
Download Flyer: DSCA Oct13-Flyer