Leading residential property management company honored as industry leader alongside sister company RKW Residential. KW Property Management & Consulting, a premier residential property management company, has been honored in the Daily Business Review’s “Best of 2019” as the Best Multi-Family Property Management Firm for the sixth year in a row. Sister company RKW Residential, a leading apartment management firm, was also recognized alongside KWPMC. This year’s win ensures KWPMC’s place in the “Best of Hall of Fame,” which is reserved for companies that have been ranked in the top two in a given category for at least the past three years. With six straight wins, KWPMC further strengthens its position as an industry leader in South Florida. Companies honored on the list are voted on by the publication’s readers, who had the ability to vote on more than 50 categories, from accounting and financial services to litigation and marketing. The

Article Provided By Joshua Gerstin Esq. Gerstin & Associates As Florida’s condominium association election season nears, two distinct groups of condominium owners will emerge with each claiming a totally opposite meaning and application of Florida’s condominium director term limit statute (Florida Statute §718.111 (2)(d)2): Condominium associations struggling to attract candidates to serve on its board of directors will claim the statute does not apply retroactively. Therefore, candidates that have served the eight-year consecutive maximum can continue to serve. Condominium associations with boards stacked with so-called “lifers” will claim the statute applies retroactively and those that already served or are about to serve (if they win) more than eight consecutive years are prohibited. Florida’s legislature provided little help when it amended Statute §718.111 (2)(d)2) without indicating whether the statute applies retroactively or proactively. Ordinarily, unless a statute expressly states it is to be applied retroactively, the statute is applied only to

Even without the unpredictable…though somewhat expected…high winds, water, and other destructive elements, there is routine deterioration of physical materials that requires a plan. It takes money to roll back the clock on rust, gravity, and other forces to keep physical items in good shape, plus being prepared for the occasional improvement or effects of a natural disaster. The purpose of a reserve study and funding is to maintain the property and preserve property values in a community. By having a good report and financial plan to deal with major repair and replacement projects, the community can reduce the risk of surprises and special assessments. As association living develops a track record, the importance of reserves is becoming more widely understood. Potential buyers and their mortgage lenders are doing more homework and asking more questions about the financial health of a community before making a purchase or approving a loan. Communities

Leading residential property management company earns national recognition, which is based on percentage revenue growth comparing 2015 to 2018. KW Property Management & Consulting, a classic South Florida entrepreneurial success story celebrating its 15th year as one of the residential property management industry’s premier companies, made a banner year even more special with a prestigious national recognition. KWPMC was featured on Inc. magazine’s annual Inc. 5000 list, a ranking of the nation’s fastest-growing private companies. The company is No. 3,827 on the 2019 list. Since former Certified Public Accountants Paul Kaplan and Robert White launched the residential property management company in May 2004, KWPMC has evolved into an industry leader and the largest private company in the market with more than 1,700 employees and 80,000 units under management. The company has experienced particularly impressive growth over the past three years, culminating in the recognition from Inc. magazine. The 2019 Inc.

INSTALLATION OF ELECTRIC VEHICLE CHARGING STATIONS IN CONDOMINIUM PARKING AREAS Florida is blessed to have abundant, beautiful natural resources: beaches, rivers, lakes, wetlands, and forests. The Florida legislature has adopted multiple laws aimed at protecting the state’s environmental resources through conservation and promotion of clean energy. In furtherance of this policy, on March 23, 2018, former Governor Rick Scott approved House Bill 841 amending Chapter 718, Florida Statutes Section 718.113 to add a new subsection (8) providing that a condominium association may not prohibit a unit owner from installing an electronic vehicle charging station in a limited common element parking area assigned to such unit owner. Are Parking Spaces “Limited Common Elements”? This law only requires condominium associations to permit installation of electronic vehicle charging stations in “limited common element” parking areas assigned to individual unit owners. Associations are not required to permit installation of electronic vehicle charging stations in