Key Takeaways Owners are learning important BK1 updates at the BKMA board Meeting — not from our own board. A new manager was announced publicly elsewhere, yet no formal update was provided to BK1 residents. BK1 has not signed up for vibration monitoring for the Mandarin Hotel implosion, while other Brickell Key buildings reportedly have….
Key Takeaways On February 25, it took 36 minutes to notify residents that the alarm was false — an unacceptable delay during a potential emergency. When alarms sound frequently without clear communication, residents become desensitized — creating serious life-safety risks. Communication failures and lack of proactive notice during testing are preventable operational problems. Fire safety…
(A continuation of: “You Need to Know”) Key Takeaways The association’s wind insurance includes a $20 million sublimit, which may be far below the building’s true insurable value of $118 million. The Association was advised that coverage did not meet lender requirements and chose not to increase it due to premium cost. This insurance gap…
Key Takeaways A mortgage refinance was declined due to questions about the association’s master insurance coverage. Multiple lender requests to management went unanswered for weeks. This type of delay can impact any owner trying to refinance or sell to a buyer who needs a mortgage. Timely and complete responses to lender inquiries are essential to…
