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PRSRT STD

US POSTAGE

PAID

Jacksonville, FL

Permit No. 796


F

or some home buyers, financing the purchase of their new

home can be a barrier to entry. Many home buyers need

the benefit of an FHA backed loan for their lower interest

rates. The Federal Housing Authority (FHA), a part of the

Department of Housing and Urban Development (HUD), has provided

mortgage insurance on loans made by FHA-approved lenders

since its inception in 1934. Until a recent FHA rule change, any buyer

interested in purchasing a condominium unit backed by an FHA

loan faced the additional hurdle requiring that the condominium

project itself must be FHA approved.

The FHA approval process for condominium projects can be

complex and time-consuming. Prior to the recent FHA rule change,

if the condominium project was not approved by the FHA, then prospective

condominium purchasers could only obtain conventional

loans, making it more difficult to secure financing. In fact, according

to the FHA, only 6.5 percent of the country’s more than 150,000 condominium

projects are approved to participate in the FHA’s mortgage

insurance program. However, a new FHA rule that goes into effect on

October 15, 2019 will change the approval process for condominium

units and allow more buyers to receive approval for an FHA loan.

The new rule introduces several changes to the FHA approval process.

The most notable is that the FHA will now allow an individual

condominium unit owner to be eligible for an FHA backed mortgage

even if the condominium project as a whole is not approved. However,

the FHA will only approve a limited number of units in any condominium

project. For projects with 10 or more units, no more than 10 percent

of the individual units can be FHA-insured, and for projects with fewer

than 10 units, no more than two individual units can be FHA-insured.

Board members, owners, managers and anyone else can access HUD’s

database to find the number of FHA backed loans in a condominium

project at https://entp.hud.gov/idapp/html/condo1.cfm.

Some of the essential requirements for a condominium project to

be FHA approved, which have not been changed by the new rule are:

• The condominium project must consist of two or more units

• No more than ten percent of the units can be owned by one investor

or entity in a project with more than 10 units. In a project with

10 or fewer units, an investor may not own more than one unit.

Unsold units are not considered investor-owned.

• No more than fifteen percent of the total unit owners can be in

arrears of association fees.

Presents

REMBAUM’S ASSOCIATION ROUNDUP

The Community Association Legal News That You Can Use!

NEW RULES FOR FHA FINANCING

What Board Members Need to Know

While the FHA allows limited restrictions on leasing, a condominium

project will not be approved if the declaration or by-laws require

that a prospective tenant be approved by the association. However,

the association may require leases to be in writing and subject

to the declaration and by-laws of the condominium, request a copy

of any sublease and the name of all tenants who will occupy the unit,

and establish a maximum allowable lease term and maximum number

of rental units within the project. The FHA leasing requirements

are the same for condominium and homeowners associations, but

the new rule changes apply only to condominium associations.

The new FHA rule requires that approved condominium projects

have a minimum of 50 percent of the units occupied by “owners” for

most projects. In 2015, the FHA clarified that a condominium unit is

considered to be owner-occupied provided that it is not: (i) tenant occupied,

(ii) vacant and listed for rent, (iii) vacant and listed for sale, or

(iv) under contract to a purchaser who does not intend to occupy the

unit as a principal residence or secondary residence. For approved projects,

the FHA will insure up to 50 percent of the units in the project.

The new FHA rule has extended the allowable amount of commercial/non-residential

space for an approved condominium from

25 percent to 35 percent of total floor space. It also extended the

re-certification deadline for approved condominium projects from

two years to three years. An approved condominium project may request

renewal of its approval by submitting a request no earlier than

six months prior to the expiration or no later than 6 months after expiration

of the approval.

Getting your condominium project approved by the FHA allows

more buyers the opportunity to purchase units in your community

utilizing FHA backed loans. However, the approval process is complex,

and may require that your declaration and by-laws be amended

to conform with FHA requirements–most especially in regard

to leasing. Each association will have to balance the benefit of FHA

backed loans versus having lease approval powers. If an owner’s

neighboring tenant turns out to be previously convicted of rape, murder,

or other heinous crime, then there is a great probability that such

owner would have preferred stringent lease approval requirements as

compared against providing for FHA backed loans in the community.

Your association’s legal counsel can be of great benefit in navigating

issues concerning the FHA approval process.

— Jeffrey Rembaum, Esq.

Kaye Bender Rembaum is a full service commercial law firm representing more than 1,000 community associations throughout Florida.

The attorneys at Kaye Bender Rembaum have more than 100-years of combined legal experience. The Firm’s attorneys and staff receive

the highest level of training and continuously stay up-to-date with legal and technology advancements. Kaye Bender Rembaum is proud

of the personalized level of service provided to all of its clients. The hiring of a lawyer is an important decision that should not be based

solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience.

2 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com


CROSSWORD Enter to Win $100

Complete the puzzle using

the clues below along with

the ads and editorial from

this issue

ACROSS

3. 69% of all _____ _____ failures are due to

a water leak

6. The FHA approval process for _____ projects

can be complex and time-consuming.

9. We Stand Behind Our Work!

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5. In the past year, _____ has successfully

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8. Window Repairs & Broken _____ Replacement

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12. Buy 10, Get 1 FREE Deal on Any of the Same

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Name _____________________________________________________

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Email _____________________________________________________

SUBMIT ENTRIES VIA: Email: info@propmanmag.com

Mail: Property Management Magazine Crossword

Competition, 721 NE 3rd Avenue, Fort Lauderdale, FL 33304

OR Fax: (954) 206-6988.

Entries must reach us by Wed., 10/9/19 to qualify — drawing

will take place on Thurs., 10/10/19. Winner will be notified

via phone & must claim prize in person at our Fort Lauderdale

office and take photo. The winner’s details will be published

in our October issue.

ONLY ONE ENTRY PER HOUSEHOLD. All decisions final. By participating, the crossword competition

winner agrees to have their name & likeness published in an upcoming issue of the Property

Management Magazine. Contest void where prohibited.

Congratulations to Our

September Crossword Winner!

COURTNEY WILLIAMS

Office Manager, Seagate of

Highland Condominiums, Inc.

4 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com


ACCOUNTING

ATTENTION ALL

PROPERTY MANAGERS,

HOAs, CO-OPs AND

CONDO ASSOCIATIONS!

OUR PRODUCT

Look no further... We are the resource

guide for all Property Management needs!

This magazine features professionals

specializing in building, servicing,

maintaining and repairing all facets of

commercial properties. Spanning a variety

of industries, we’ve organized these

company listings in a user-friendly format

that will enable you to easily find any

service or product that you’re looking for.

We deliver a monthly product aimed

directly at putting commercial services in

front of the right decision makers.

OUR PROMISE

We strive to present commercial

professionals in a manner that best

explains their business by presenting

information representative of their work.

Through strong visuals, clear and concise

descriptions of skills and expertise as well

as a wide and ever-increasing assortment

of professionals we will provide you with

what you need to maintain and improve

your property. Thank you from all of us at

the Property Management Magazine for

supporting local businesses!

GO DIGITAL

View our digital magazine and our

online directory at:

www.propertymanagementmagazine.com

INDUSTRIES

FEATURED

IN THIS ISSUE

Accounting ........................................................................................................ 7

Attorneys ........................................................................................................... 8

Awnings and Marine Canvas .................................................................... 9

Electrical Contractor .................................................................................... 10

Fencing ............................................................................................................... 12

Fire ........................................................................................................................ 14

Floor Care .......................................................................................................... 15

Flooring ............................................................................................................... 16

Garage Services ............................................................................................. 17

Kitchens and Bathrooms ............................................................................ 17

Kitchens .............................................................................................................. 18

Landscaping ..................................................................................................... 19

Painting ............................................................................................................... 20

Patio Furniture and Repairs ...................................................................... 21

Paving .................................................................................................................. 24

Pest Control ...................................................................................................... 25

Plumbing ............................................................................................................ 26

Pool Heating ..................................................................................................... 28

Pressure Cleaning .......................................................................................... 28

Saunas and Steam Rooms ........................................................................ 29

Sidewalk Repair .............................................................................................. 30

Sliding Door Repairs .................................................................................... 30

Tree Trimming .................................................................................................. 31

Upholstery ......................................................................................................... 31

Waste and Recycling ................................................................................... 32

Water Heaters .................................................................................................. 32

Window Tinting .............................................................................................. 33

Index ..................................................................................................................... 34

Get in Front of Our Readers...

CALL US TODAY!

(877) 717-6780

721 NE 3rd Avenue

Fort Lauderdale, FL 33304

www.PropertyManagementMagazine.com

DISCLAIMER: We endeavor to accept reliable advertising, however, we

cannot be held responsible by the public for any advertising claims.

6 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780

7


ATTORNEYS

AWNINGS AND MARINE CANVAS

8 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 9


ELECTRICAL CONTRACTOR

ELECTRICAL CONTRACTOR

10 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 11


FENCING

FENCING

12 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 13


FIRE

FLOOR CARE

Find a Professional

Near You

Visit us at

www.PropertyManagementMagazine.com

(877) 717-6780 • www.PropertyManagementMagazine.com

14 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 15


FLOORING

GARAGE SERVICES KITCHENS AND BATHROOMS

16 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 17


KITCHENS

LANDSCAPING

18 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 19


PAINTING

PATIO FURNITURE AND REPAIRS

Who Do You

Recommend?

Refer a Pro!

Email us at

info@propmanmag.com

(877) 717-6780 • www.PropertyManagementMagazine.com

20 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 21


PATIO FURNITURE AND REPAIRS

22 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 23


PAVING

PEST CONTROL

How Can We

Help You?

Share Your Ideas

Email suggestions to

info@propmanmag.com

(877) 717-6780 • www.PropertyManagementMagazine.com

24 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 25


PLUMBING

PLUMBING

26 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 27


PRESSURE CLEANING

POOL HEATING

PRESSURE CLEANING SAUNAS AND STEAM ROOMS

28 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 29


SLIDING DOOR REPAIRS

SIDEWALK REPAIRS

TREE TRIMMING UPHOLSTERY

30 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 31


WASTE AND RECYCLING

WINDOW TINTING

WATER HEATERS

Your Trusted Resource for

Commercial Professionals

(877) 717-6780 • www.PropertyManagementMagazine.com

32 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com

23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 33


INDEX

Access Control Systems

Fire Alarm Systems Security Inc, Page 2, 14

Sunkel Electric, Page 10

Accounting

Michael B. Moskowitz CPA, Page 7

Alarms

Fire Alarm Systems Security Inc, Page 2, 14

Artificial Turf

Southern Ornamentals and Fence, Page 12

Attorneys

Kaye Bender Rembaum, Page 3, 8

Automotive Window Tinting

Tint America, Page 33

Awnings

A to Z Awnings & Marine Canvas, Page 9

Balconies

Southern Ornamentals and Fence, Page 12

Bathroom Vanities

Mazi Stone, Page 17

Bedding & Pillows

Upholstery USA, Page 31

Bookkeeping

Michael B. Moskowitz CPA, Page 7

Breaker Panel Replacements

Hypower Inc, Cover, Page 11

Bulk Debris Collection

Trashouts LLC, Page 32

Canopies

A to Z Awnings & Marine Canvas, Page 9

CCTV

Fire Alarm Systems Security Inc, Page 2, 14

Sunkel Electric, Page 10

Concrete Resurfacing,

Restoration & Repairs

Oceans Elite Construction, Page 24

Concrete Walls & Columns

All Fencing and Repair, Page 12

Countertops

Mazi Stone, Page 17

Decorative Concrete

Oceans Elite Construction, Page 24

Demolition Services

Trashouts LLC, Page 32

Drain Pumping

Plumbing Experts, Page 27

Electrical Contractor

Hypower Inc, Cover, Page 11

Sunkel Electric, Page 10

Emergency Lighting

Hypower Inc, Cover, Page 11

Faucets

Mazi Stone, Page 17

Plumbing Experts, Page 27

Faux Finish & Murals

Advanced Painting, Page 20

Fencing

All Fencing and Repair, Page 12

CBR Fabricators, Page 13

Southern Ornamentals and Fence, Page 12

Fertilization

B&R Industries, Inc, Page 19

Life Cycle Pest Control, Page 25

Fiber Optics

Hypower Inc, Cover, Page 11

Fire & Burglar Alarms

Fire Alarm Systems Security Inc, Page 2, 14

Fire Inspections

Fire Alarm Systems Security Inc, Page 2, 14

Fire Protection Services

Fire Alarm Systems Security Inc, Page 2, 14

Fire Pumps

Fire Alarm Systems Security Inc, Page 2, 14

Floor Care

Doctor Marble, Page 18

Floor Coatings

Garage Makeovers Inc, Page 17

Premier Coatings, Page 2, 19

Flooring

Garage Makeovers Inc, Page 17

Premier Coatings, Page 5, 16

Furniture Upholstery

Upholstery USA, Page 31

Garage Cabinets

Garage Makeovers Inc, Page 17

Garage Floor Coatings

Garage Makeovers Inc, Page 17

Premier Coatings, Page 2, 19

Gates

All Fencing and Repair, Page 12

CBR Fabricators, Page 13

Southern Ornamentals and Fence, Page 12

Generators

Hypower Inc, Cover, Page 11

KPB Services, Page 20

Sunkel Electric, Page 10

Grease Traps

Plumbing Experts, Page 27

Grout Cleaning

Doctor Marble, Page 18

Gutter Cleaning

FoamBrite, Page 29

Hardscapes

Oceans Elite Construction, Page 24

Holiday Lighting

Hypower Inc, Cover, Page 11

Hot Tubs

The Sauna & Steam Center, Page 29

Hydro-Excavation

Bob Smith Plumbing, Page 26

Irrigation

America Stars, Page 31

B&R Industries, Inc, Page 19

Kitchens

Mazi Stone, Page 17

Pro Craft Cabinetry, Page 18

Landscape Lighting

Hypower Inc, Cover, Page 11

Sunkel Electric, Page 10

Landscaping

America Stars, Page 31

B&R Industries, Inc, Page 19

Lawn & Grounds Maintenance

America Stars, Page 31

B&R Industries, Inc, Page 19

LED Lighting

Hypower Inc, Cover, Page 11

Sunkel Electric, Page 10

Legal Services

Kaye Bender Rembaum, Page 3, 8

Lighting

Sunkel Electric, Page 10

Louvered Roof Systems

Southern Ornamentals and Fence, Page 12

Marble Polishing & Restoration

Doctor Marble, Page 18

Marine Canvas

A to Z Awnings & Marine Canvas, Page 9

Marine Tinting Services

Tint America, Page 33

Mosquito Control

Life Cycle Pest Control, Page 25

Outdoor Furniture

Dr. Strap, Page 22

Sun & Beach Patio Furniture, Page 21

Outdoor Furniture Upholstery

Dr. Strap, Page 22

Sun & Beach Patio Furniture, Page 21

Upholstery USA, Page 31

Outdoor Kitchens

Mazi Stone, Page 17

Painting

Advanced Painting, Page 20

Parking Lot Lighting

Sunkel Electric, Page 10

Patio Furniture

Dr. Strap, Page 22

Sun & Beach Patio Furniture, Page 21

Patio Furniture Repairs

& Restoration

Dr. Strap, Page 22

Sun & Beach Patio Furniture, Page 21

Patio Remodeling

Discount Pool & Patio, Page 28

Sun & Beach Patio Furniture, Page 21

Paver Sealing

Five Star Clean & Seal, Page 30

Pavers

Discount Pool & Patio, Page 28

Pergolas

Southern Ornamentals and Fence, Page 12

Pest Control

B&R Industries, Inc, Page 19

Life Cycle Pest Control, Page 25

Pipe Replacement

Bob Smith Plumbing, Page 26

Plumbing Experts, Page 27

Plumbing

Bob Smith Plumbing, Page 26

Plumbing Experts, Page 27

Pool Heating & Equipment

Discount Pool & Patio, Page 28

Pool Remodeling

Discount Pool & Patio, Page 28

Popcorn Removal

Advanced Painting, Page 20

Pressure Cleaning

America Stars, Page 31

Five Star Clean & Seal, Page 30

FoamBrite, Page 29

Railings

All Fencing and Repair, Page 12

CBR Fabricators, Page 13

Southern Ornamentals and Fence, Page 12

Recycling Services

Trashouts LLC, Page 32

Retractable Awnings

A to Z Awnings & Marine Canvas, Page 9

Rodent Control

Life Cycle Pest Control, Page 25

Roof Cleaning

FoamBrite, Page 29

Roof Painting

Advanced Painting, Page 20

Saunas

The Sauna & Steam Center, Page 29

Screen Replacement

Sliding Glass Door Expert, Page 30

Security Cameras

Hypower Inc, Cover, Page 11

Sunkel Electric, Page 10

Sewer Line Replacement

Bob Smith Plumbing, Page 26

Plumbing Experts, Page 27

Sidewalk Installation & Repairs

The Sauna & Steam Center, Back Cover, Page 30

Oceans Elite Construction, Page 24

Sliding Door Handles & Locks

Sliding Glass Door Expert, Page 30

Sliding Door Repairs

& Replacement

Sliding Glass Door Expert, Page 30

Smart Car Charging Stations

Sunkel Electric, Page 10

Spas

The Sauna & Steam Center, Page 29

Spray Decking

Oceans Elite Construction, Page 24

Stair Railings

CBR Fabricators, Page 13

Southern Ornamentals and Fence, Page 12

Stamped Concrete

Oceans Elite Construction, Page 24

Steam Rooms

The Sauna & Steam Center, Page 29

Stone

Mazi Stone, Page 17

Structural Steel

CBR Fabricators, Page 13

Surge Protection

Hypower Inc, Cover, Page 11

Tax Services

Michael B. Moskowitz CPA, Page 7

Toilets

Plumbing Experts, Page 27

Trash Pickup Services

Trashouts LLC, Page 32

Tree Services

America Stars, Page 31

B&R Industries, Inc, Page 19

Tunneling for Plumbing Repairs

Bob Smith Plumbing, Page 26

Plumbing Experts, Page 27

Turf

Southern Ornamentals and Fence, Page 12

Upholstery Services

Upholstery USA, Page 31

Waste Pickup

Trashouts LLC, Page 32

Water Heaters

Plumbing Experts, Page 27

Water Heaters Only, Page 32

Water Leak Detection

Bob Smith Plumbing, Page 26

Fire Alarm Systems Security Inc, Page 2, 14

Plumbing Experts, Page 27

Welding Repair Services

CBR Fabricators, Page 13

Window Cleaning

FoamBrite, Page 29

Window Repairs

Sliding Glass Door Expert, Page 30

Window Tinting Services

Tint America, Page 33

Window Treatments

Upholstery USA, Page 31

34 FALL 2019 - For All Your Property Management Needs - www.PropertyManagementMagazine.com 23,000 Magazines Mailed Monthly to Property Managers, HOAs, Condo Associations & Co-Ops - TO ADVERTISE CALL (877) 717-6780 35

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