The Eligibility of Buildings for Replacement under Code 44 of Federal Regulations 206.226 (d)(1) Property Owners who experience a disaster with their building, for example a fire or windstorm damage, …
Category: CAM Library
Cost Segregation Analysis Seals the Deal
Why every commercial real estate agent should be familiar with the accelerated tax depreciation tool? Recently I was hired to appraise a commercial office building in Tampa during the due …
The Costly Dangers of Unlicensed Commercial Appraisal Work
When reviewing insurance appraisal reports for condo associations my colleagues and I often find reports authored and signed by companies or individuals who are not licensed appraisers in the State …
The Drama of the Underfunded Association – How did we get here?
About 60% of our work portfolio of reserve studies turns out to be underfunded, about 50% of that is severely underfunded with an average funding of 15% and less. One …
How Condominium Associations should select an Insurance Agent
Many of my clients still believe they should get as many bids as possible from insurance agents for their flood and wind coverage. During my site visits and inspections I …
Buyer Beware – Or Why Condominium Insurance Purchase Is Not The Same Any Longer
The recent decision in the 4th District Court of Appeals case “Citizens Property Insurance Corporation vs. River Manor Condominium Association Inc.” sheds new light on F.S. 718.111(11)(f). Condominium association from …
Does your building need an ISO inspection?
First, let me clarify what ISO stands for: The Insurance Services Office (ISO) //www.isopropertyresources.com/About-ISO/About-ISO-Root/ISO-Overveiw.html is a leading source of information for risk management in the insurance industry. ISO provides information …
How to calculate Coinsurance
This is one of the best examples to explain the importance of being correctly insured. If an HOA or condo association is underinsured as in the following example provided by …
Reserve Studies Demystified- Funding Models
Reserve Studies Demystified (Blog 4 of 4) Funding Models There are several funding models, however, the best funding model for an individual association depends on the tolerance for risk. And …
Reserve Studies Demystified- Ideal Reserves vs. Fully Funded
Reserve Studies Demystified (Blog 3 of 4) Ideal Reserves vs. Fully Funded My clients frequently ask me, “What really are ideal reserves and what does it mean when a component …
Reserve Studies- Budgeting Methods Demystified
Reserve Studies Demystified (Part 2 of 4) Non-Pooling or Pooling? Straight-Line or Cash Flow? That is the question! Pooling and non-pooling budget concepts are often misunderstood and misinterpreted. CPAs usually refer …
What is a Reserve Study?
Reserve Studies Demystified Part 1 of 4 Reserve Studies are a myth for many homeowner’s and even the condo and HOA boards most often have no idea if their community …
2010 Florida Building Code Changes
The Florida Building Commission (FBC) reviewed a total of 827 proposed changes for the development of the 2010 Florida Building Code and approved approximately 55% of the changes submitted for …
Does your Building comply with the Aldridge-Benge Firefighters Safety Act?
When conducting real estate inspections at condominium associations, homeowner’s associations and commercial buildings for an insurance appraisal, I realize that a lot of these buildings do not comply with the …
Condo Association and Homeowner’s Association Property Watch-Out Bulletin
As Condo and HOA boards are preparing to return for the winter season, they will find that their property has not only aged six months, but was exposed to subtropical …
Demystifying RCV and ACV and how it will affect your insured Real Estate
Replacement Cost Value versus Actual Cost Value Many insured property owners see the words often enough on their insurance policy, but what the real meaning is, remains for many unknown, …
Advantages of Cost Segregation Analysis for your Commercial Building
The advantages of a Cost Segregation Analysis for commercial buildings Whether you are constructing a new building, remodeling a current facility, or purchasing a building, property asset classification for depreciation …
Market Values of Real Estate May Drop, But Construction Costs Don’t
am thrilled to have a guest blogger on my appraisal blog! Many thanks to Jill Goodman, Editing and Production Coordinator at RS Means, a Division of Reed Construction Data for her …
Hurricane Season is Upon Us– Are You Ready?
Hurricane season officially began on June 1st and lasts until November 30th. Florida has recently been spared from serious damage, enjoying several, hurricane free years. But with forecasters predicting an …
Why a Line-Item Estimate will make your Insurance Adjuster happy!
Yes, it is that time of the year, when we get ready to face another hurricane season. For that reason, I am taking off my appraiser hat today and will …