For real estate investors and property owners, actively managing tax liability is essential in maximizing ROI. Strategically pairing a Cost Segregation Study provided by Criterium Engineers with current Bonus Depreciation options allows property owners to accelerate tax deductions, improving cash flow and boosting profitability. What is a Cost Segregation Study? Cost Segregation is a tax….
Reserve Study Guidelines Are you aware of the significant changes in the Community Association Institute (CAI)’s recommendations for best practices in future reserve fund studies? If you are not, you are not alone. In July 2023, the Foundation for Community Association Research published its Best Practices – Community Association Maintenance manual. Let me explain why….
Fear, Uncertainty, and Doubt Condo association unit owners’ meetings can be a challenge. Boards often need to make hard decisions. People can become very emotional when it comes to issues affecting their money and they feel a lack of control. From what I hear the New England meetings I attend are mild compared to the….
Conventional pool safety measures, including covers, perimeter fences, and subsurface alarms, can prevent unauthorized access when a pool is closed. However, these measures do not protect against drowning when a pool is in use. Lifeguards, swimming lessons, and parental supervision have traditionally served as the primary safety measures during swim time, but tragically, even these….
A group of team members from Criterium Engineers recently toured the Advanced Structures & Composites Center (ASCC), at The University of Maine, gaining insights into the future of structural and materials engineering. The ASCC is a leading research and educational center focused on advanced manufacturing, materials sciences, composites, and structural engineering. It is the largest….
Over the last twenty years I have had the privilege of meeting with many condominium and HOA boards and leaders. Some were seasoned and experienced while others were new and exposed to the culture of community living for the first time. All wanted to do their best, yet failings and mistakes were acknowledged. With the….
Maintenance Plans and Reserve Funding Many think of Maine as a safe haven. During the height of the Covid pandemic, Maine saw a rapid growth in population due to folks fleeing the densely settled urban areas to the south. This in turn resulted in Maine’s average home sales prices climbing due to a lack of….
Emergency Response Plan You don’t have to be a weatherman to notice storms are more frequent and fierce. Nor do you have to be a news broadcaster to recall all of the reported residential damage from fire, floods, and wind. Nor do you have to be an accountant to recognize the cost of building repairs….
The Criterium Engineers team is headed to the CAI 2023 Dallas national gathering from May 17-20! Find us at exhibit booth #824. In addition, members of the Dallas metroplex-based Criterium-Dotson Engineers‘ team will also join us at the exhibit booth. The Community Associations Institute’s Annual Conference and Exposition: Community NOW brings community association managers, homeowner….
Is your HOA looking repurpose underutilized assets? Here’s is an engineer’s perspective on one way to utilize the tennis courts on your property and once again make them an asset for residents. The article takes a fun look at a fast-growing sport that may be a good fit for your community association. An Addictive Phenomenon….