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: Commercial Market
Cost Segregation Analysis – Is it worth it for my building?
So you just purchased an office building, ripped out half of the interior walls and interior built-out and remodeled with a nice new layout and design. The collected invoices and …
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 unintended consequences of Dodd-Frank
This article was published by Gulf Coast Business Review – Friday, May 31, 2013The Author is Kevin F. Jursinski, a Florida Bar board-certified real estate and business litigation attorney in Fort Myers. …
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 …
Equilibrium Has Arrived
The No. 1 question in real estate of the last years was “are we there yet?” Buyers who were sitting on the fence could not wait any longer and sellers …
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 …
Citizens Property Insurance of Florida Changes for 2013
Commercial property owners will want to make note of many rule, form and lastly rate changes coming in 2013 from Citizens Property Insurance of Florida. This post is from their …
When in Doubt about the Economy, ask a Trucker!
Back in early 2005 when the real estate market reached never before seen heights I was hired for a marketability study. The client wanted me to investigate if a planned …
An “Aha” Moment Solves Challenge of Cost Estimating Local Sarasota Sailor Circus Roof
This is s collaborative guest post that is truly a joy to publish. I have relied on their unabashed expertise for my business for 18 years and am always pleased …
Citizens’ Depopulation Strategy
Under Governor Scott’s tutelage Citizens Insurance starts an aggressive depopulation strategy. The new limitations, rate increases, exclusions and rules, which were issued by Citizens since January 2012 were just the …
Citizens Property Insurance – Summary of 2012 Changes – so far….
After receiving literally every week Citizens Agent Communications with ever more rate increases, coverage limitations and restrictions, it is necessary to post a summary of these changes for my clients …
Are We There Yet? Real Estate Recovery Or Not?
To buy or not to buy, the $100,000-question we all would like to have answered. For the last three to four years we have observed buyers getting back into the …
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 …
Here We Go Again – Citizens Insurance Increases Premiums for A-Rated Risks
Citizens just released their latest insurance increases, which will apply to Condominiums, Homeowner’s associations and apartment buildings. Therefore it becomes more and more important to have accurate insurance appraisals and …
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 …
The Highlight of every Real Estate Property Inspection is on the Roof!
Although some roofs require top physical shape to get up, my favorite moment is to stand up on top of that roof. That is the moment I “own” the building, …
Citizens to Increase Commercial and Residential Policies in 2012
After the recent discussions to increase premiums for Florida condominium buildings, which are valued above the dreaded 10-million dollar threshold, and after general premium increases for all insurance carriers, Citizens …