300+ Residents Of North Miami Beach Condo Evacuated After Structure Deemed Unsafe

[NoleATL]

This is just the beginning. Owners of older condos on the beach can look forward to HUGE assessments...

300 Residents Of North Miami Beach Condo Evacuated After Structure Deemed Unsafe

A building in North Miami Beach has been closed and residents in the 156-unit condo building are being evacuated Friday after an audit and building inspection report outlined unsafe structural and electrical conditions.

www.nbcmiami.com

 

[The Tradition]

Oh, I can't imagine how the northern transplant "Condo Commandoes" are acting right about now.

I would imagine it's a total shitshow in every oceanfront tower all over the state.

 

[OutbackBowl2017]

The condo board had the structural engineer report since January 11, 2021 stating it was structurally and electronically unsafe. Wow. That’s scary stuff to sit on a report that long and do nothing.

 

[Jimmy McGill]

The condo board had the structural engineer report since January 11, 2021 stating it was structurally and electronically unsafe. Wow. That’s scary stuff to sit on a report that long and do nothing.

That is why I would I would never own a condo or be part of a HOA. Engineers' reports should have went to the State, and mandatory / immediate action should have been taken with condemnation action if no cooperation.

 

[SalAunese]

I’m guessing the northern transplants tend to be a little more stringent with the building codes and requirements.

 

[DogBoyRy]

I’m guessing the northern transplants tend to be a little more stringent with the building codes and requirements.

What could go wrong?

 

[goldmom]

That is why I would I would never own a condo or be part of a HOA. Engineers' reports should have went to the State, and mandatory / immediate action should have been taken with condemnation action if no cooperation.

The existing state statute governing condos does not mandate that the state receive such reports, but I have a strong hunch that Florida Statute 718 will undergo major changes in the next Legislative session. The city or county can proceed to declaring that a building is to be condemned, however. I saw it happen in Ponte Vedra.

So many retirees move into these condos and then vote down realistic monthly dues levels needed to properly maintain these buildings. They keep putting off the alternative special assessments as well because they're on a fixed income. The salt air doesn't wait for anyone.
I think it will cause a big change in who buys these condos - and therefore it will also affect the prices.

 

[The Tradition]

The existing state statute governing condos does not mandate that the state receive such reports, but I have a strong hunch that Florida Statute 718 will undergo major changes in the next Legislative session. The city or county can proceed to declaring that a building is to be condemned, however. I saw it happen in Ponte Vedra.

So many retirees move into these condos and then vote down realistic monthly dues levels needed to properly maintain these buildings. They keep putting off the alternative special assessments as well because they're on a fixed income. The salt air doesn't wait for anyone.
I think it will cause a big change in who buys these condos - and therefore it will also affect the prices.

I would imagine prices should drop. I wouldn't want to live in a deathtrap.

 

[peacehawk]

Two words….due diligence

 

[srams21]

That is why I would I would never own a condo or be part of a HOA. Engineers' reports should have went to the State, and mandatory / immediate action should have been taken with condemnation action if no cooperation.

Exactly. IMO it should be a regulation that a report that bad should automatically be sent to the state.

 

[srams21]

The existing state statute governing condos does not mandate that the state receive such reports, but I have a strong hunch that Florida Statute 718 will undergo major changes in the next Legislative session. The city or county can proceed to declaring that a building is to be condemned, however. I saw it happen in Ponte Vedra.

So many retirees move into these condos and then vote down realistic monthly dues levels needed to properly maintain these buildings. They keep putting off the alternative special assessments as well because they're on a fixed income. The salt air doesn't wait for anyone.
I think it will cause a big change in who buys these condos - and therefore it will also affect the prices.

Yep. I imagine many changes will be coming.

This is Exhibit A on why I am generally speaking a fan of regulations.

 

[Jimmy McGill]

Exactly. IMO it should be a regulation that a report that bad should automatically be sent to the state.

Needless to say, I'm not sure how big of a corporation ran these Condos, but there is going to be a lot of litigation.

 

[goldmom]

Needless to say, I'm not sure how big of a corporation ran these Condos, but there is going to be a lot of litigation.

Corporations don't run condos.

 

[The Tradition]

Corporations don't run condos.

Maybe they should run condos instead of whoever is the most-popular resident in the building.

 

[goldmom]

Maybe they should run condos instead of whoever is the most-popular resident in the building.

It's the most thankless volunteer "job" you could imagine.

 

[OutbackBowl2017]

 

[Finance85]

I’m guessing the northern transplants tend to be a little more stringent with the building codes and requirements.

Why would you guess that? That's obviously not so in this case.

 

[NoleATL]

The condo board had the structural engineer report since January 11, 2021 stating it was structurally and electronically unsafe. Wow. That’s scary stuff to sit on a report that long and do nothing.

Yeah, that stuck out for me as well...

 

[NoleATL]

I’m guessing the northern transplants tend to be a little more stringent with the building codes and requirements.

I'm guessing they are the ones on a fixed income who vote down every assessment. I did the math on the 1 bedroom assessment that had just been implemented at the now collapsed condo and it was $444 per month for 15 years... this was just for the loan taken out to do repairs. The penthouse was 3.5 x that. $444 for someone on a fixed income is steep.

 

[thewop]

Thank goodness we can finally move on from being medical experts on HROT.

We're now construction and building code experts!

 

[ihhawk]

This building is an epic shithole. Not in a great neighborhood….north Miami Beach is not much of a snow bird location. This is good old fashion slum housing. Most folks are renting there from an owner. I saw an interview of a guy that said he was paying $1,400 for a one bedroom…which means this place is 1 level above a tent on the sidewalk.

 

[onlyTheObvious]

Thank goodness we can finally move on from being medical experts on HROT.

We're now construction and building code experts!

very subtle but some will love it.

 

[SalAunese]

I'm guessing they are the ones on a fixed income who vote down every assessment. I did the math on the 1 bedroom assessment that had just been implemented at the now collapsed condo and it was $444 per month for 15 years... this was just for the loan taken out to do repairs. The penthouse was 3.5 x that. $444 for someone on a fixed income is steep.

My parents pay $4k a month in HOA fees. What are the demographics of that building? Locals? Mix? Transplants? Younger? Older?

 

[anon_b29nm7v7dwp6r]

Regulations and codes? Who needs them! What we need is a free market solution!!! Eventually people will tire of living in buildings that collapse and take their rent money elsewhere….forcing the landlords to fix buildings or build new.

#capitalism

 

[goldmom]

My parents pay $4k a month in HOA fees. What are the demographics of that building? Locals? Mix? Transplants? Younger? Older?

Your parents paying out $50K a year in condo dues are QUITE the exception to the rules. Are you /they aware of that?

 

[goldmom]

Regulations and codes? Who needs them! What we need is a free market solution!!! Eventually people will tire of living in buildings that collapse and take their rent money elsewhere….forcing the landlords to fix buildings or build new.


🤔If you’re talking about apartments yes. A condo is a private home that shares some common elements that are collectively owned. Wrap your head around the difference.

#capitalism

 

[SalAunese]

I'm guessing they are the ones on a fixed income who vote down every assessment. I did the math on the 1 bedroom assessment that had just been implemented at the now collapsed condo and it was $444 per month for 15 years... this was just for the loan taken out to do repairs. The penthouse was 3.5 x that. $444 for someone on a fixed income is steep.

What are the real numbers regarding HOA/Management fees to keep that building up to specs?

Your parents paying out $50K a year in condo dues are QUITE the exception to the rules. Are you /they aware of that?

It’s pretty common in parts of SW Florida but I admittedly don’t know much about fees on the other coast. Or the ownership specifics of the building that collapsed

 

[goldmom]

What are the real numbers regarding HOA/Management fees to keep that building up to specs?


It’s pretty common in parts of SW Florida but I admittedly don’t know much about fees on the other coast. Or the ownership specifics of the building that collapsed

It's not a requirement in Florida to have a professional management company, but generally speaking an Association will select one after a competitive review and bid process. Fees are determined after the condo submits an RFP and determines the level of service they require. If you want a dedicated CAM who only manages your property you'll naturally be paying more, versus being part of a portfolio.
If you're direct ocean/gulf front with several amenities, that's an expense as well. Pool, tennis court, clubhouse? Extensive and elaborate landscaping? These are all items requiring oversight and regular maintenance as well. So many condos are secondary or seasonal residences with absentee owners and they expect the Manager to keep a watchful eye out at least 2x a week.
If your condo is five miles inland and only has a pool, it's a different world.

 

[jamesvanderwulf]

I would never live in anything other than a single family house on an acreage...

 

[TunzaHawk]

This building is an epic shithole. Not in a great neighborhood….north Miami Beach is not much of a snow bird location. This is good old fashion slum housing. Most folks are renting there from an owner. I saw an interview of a guy that said he was paying $1,400 for a one bedroom…which means this place is 1 level above a tent on the sidewalk.

$1,400 a month for a place on the ocean in south Florida sounds really cheap.

 

[ConvenientParking]

My parents pay $4k a month in HOA fees. What are the demographics of that building? Locals? Mix? Transplants? Younger? Older?

Does that include club dues & food/beverage minimums for a country club? Or that really just the HOA?

 

[SalAunese]

It's not a requirement in Florida to have a professional management company, but generally speaking an Association will select one after a competitive review and bid process. Fees are determined after the condo submits an RFP and determines the level of service they require. If you want a dedicated CAM who only manages your property you'll naturally be paying more, versus being part of a portfolio.
If you're direct ocean/gulf front with several amenities, that's an expense as well. Pool, tennis court, clubhouse? Extensive and elaborate landscaping? These are all items requiring oversight and regular maintenance as well. So many condos are secondary or seasonal residences with absentee owners and they expect the Manager to keep a watchful eye out at least 2x a week.
If your condo is five miles inland and only has a pool, it's a different world.

There seems to be a full time landscaping crew along with golf course maintenance and course staff. There are several pools and the clubhouse just completed a 40 week renovation and added a new wing. Shit adds up

 

[SalAunese]

Does that include club dues & food/beverage minimums for a country club? Or that really just the HOA?

Theres’s the HOA and there’s country club fees and I think an $800 yearly minimum food/drink fee at the clubhouse. That can be easily reached in a month.

 

[NoleATL]

What are the real numbers regarding HOA/Management fees to keep that building up to specs?


It’s pretty common in parts of SW Florida but I admittedly don’t know much about fees on the other coast. Or the ownership specifics of the building that collapsed

Property specifics? Value? Square footage? Amenities? Golf?

 

[SalAunese]

Property specifics? Value? Square footage? Amenities? Golf?

I’m talking about the building that collapsed.

 

[NoleATL]

I’m talking about the building that collapsed.

Oh, I thought it was your parents paying $50k a year in HOAs... In Atlanta, that gets you into the Ritz Residences (with room to spare) with all the amenities the hotel has to offer. This is of course after you've dropped a couple mil on the residence itself.

 

[SalAunese]

No, I’m talking about the building that collapsed. What should should have been the realistic fees/rents have been to cover the needed repairs?

 

[ihhawk]

No, I’m talking about the building that collapsed. What should should have been the realistic fees/rents have been to cover the needed repairs?

At a minimum it was going to be 100k assessment for the 1 bedroom. 3 bedrooms I heard could be 300k

 

[ihhawk]

$1,400 a month for a place on the ocean in south Florida sounds really cheap.

It isnt a nice building

 

[ihhawk]

Regulations and codes? Who needs them! What we need is a free market solution!!! Eventually people will tire of living in buildings that collapse and take their rent money elsewhere….forcing the landlords to fix buildings or build new.

#capitalism

I have no idea why you posted this. Did you see where the city of surf side building official didn’t respond to the managers email for a month in regards to starting the repair. Every one of those building departments are absolutely brutal to deal with. Layers upon layers of people that frankly are unemployable in the general workforce.