Miami Real Estate Investing Podcast With Peter Zalewski Of Condo Vultures®

Peter Zalewski
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Miami Real Estate Investing Podcast With Peter Zalewski Of Condo Vultures® Podcast

This podcast focuses on identifying buying opportunities and implementing strategies in the volatile South Florida condo markets of Miami-Dade, Broward and Palm Beach counties. Host Peter Zalewski is a former financial journalist who now works as a Miami real estate broker, Wall Street analyst and expert witness. This podcast is not authorized by the real estate industry and will probably annoy many of the industry’s talking heads. The CondoVultures.com podcast stresses straight talk and does include salty language that could be offensive to some.

  1. Shorts - How Much Will Florida Condo Fees Increase For Unit Owners With A Special Assessment Loan?

    SEP 19

    Shorts - How Much Will Florida Condo Fees Increase For Unit Owners With A Special Assessment Loan?

    The "Special Report: Florida's 2025 Condo Association Financial Cliff" series is brought to you by the Miami Real Estate Investing Podcast. Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse. This is a clip from a podcast with Richard Alfonso, the Director of Specialty Products at U.S. Century Bank in Miami. Alfonso provides insight into how monthly condo fees increase with a special assessment loan in Florida. Bank financing is an option for some Florida condo associations that are facing hefty special assessments to comply with the revisions of the Florida Condo Law. A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims. Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida. Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink. In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs. People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners. Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year. Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates. Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida. To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™ at PeterZalewski.substack.com The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services. Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube. As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006. For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com

    5 min
  2. Shorts - How Do Florida Condo Associations Get Special Assessment Loans?

    SEP 18

    Shorts - How Do Florida Condo Associations Get Special Assessment Loans?

    The "Special Report: Florida's 2025 Condo Association Financial Cliff" series is brought to you by the Miami Real Estate Investing Podcast. Expert Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse. This is a clip from a podcast with Richard Alfonso, the Director of Specialty Products at U.S. Century Bank in Miami. Alfonso provides a description of the steps necessary for a Florida condo association to successfully obtain a special assessment loan. Bank financing is an option for some Florida condo associations that are facing hefty special assessments to comply with the revisions of the Florida Condo Law. A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims. Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida. Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink. In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs. People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners. Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year. Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates. Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida. To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™ at PeterZalewski.substack.com The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services. Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube. As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006. For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com

    5 min
  3. Short - Miami Banker Warns Insurance Rates, Not Reserves, Pose Biggest Risk To Florida Condo Associations In 2025

    SEP 17

    Short - Miami Banker Warns Insurance Rates, Not Reserves, Pose Biggest Risk To Florida Condo Associations In 2025

    This is a clip from a recent episode of the "Special Report: Florida's 2025 Condo Association Financial Cliff" podcast series from the Miami Real Estate Investing Podcast. Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse. This is a clip of Richard Alfonso, the Director of Specialty Products at U.S. Century Bank in Miami. Alfonso said Florida condo associations are addressing the reserve requirements mandated by the Florida Legislature but are facing challenges with skyrocketing insurance rates. A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims. Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida. Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink. In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs. People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners. Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year. Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates. Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida. To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™ at PeterZalewski.substack.com The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services. Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube. As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006. For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com

    2 min
  4. Case Study: Special Assessment Challenges In Miami's Vintage Condo Market

    SEP 15

    Case Study: Special Assessment Challenges In Miami's Vintage Condo Market

    The "Special Report: Florida's 2025 Condo Association Financial Cliff" series is brought to you by the Miami Real Estate Investing Podcast. Expert Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse. The podcast features Miami Condo Expert Peter Zalewski interviewing Andy "Daro" Rotondaro, a Realtor and North Bay Village Commissioner. The conversation examines why Rotondaro is paying $50,000 in condo special assessments instead of selling his two units in the runup to the Florida's 2025 Condo Association Financial Cliff. A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims. Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida. Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink. In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs. People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners. Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year. Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates. Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida. To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™ at PeterZalewski.substack.com. The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida. The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services. Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube. As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006. For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com

    11 min
  5. Pay Up Or Cash Out? Navigating South Florida Condo Special Assessments

    SEP 13

    Pay Up Or Cash Out? Navigating South Florida Condo Special Assessments

    The "Special Report: Florida's 2025 Condo Association Financial Cliff" series is brought to you by the Miami Real Estate Investing Podcast. Expert Peter Zalewski of the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse. The podcast features Miami Condo Expert Peter Zalewski interviewing Andy "Daro" Rotondaro, a Realtor and North Bay Village Commissioner. The conversation examined strategies for owners facing condo association special assessments in the runup to the Florida's 2025 Condo Association Financial Cliff. A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims. Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida. Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink. In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs. People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners. Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year. Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates. Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida. To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™. The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services. Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube. As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006. For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com

    60 min
  6. Should Florida Condos Finance Special Assessments?

    SEP 6

    Should Florida Condos Finance Special Assessments?

    This is a Special Report series from the Miami Real Estate Investing Podcast focusing on Florida's 2025 Condo Association Financial Cliff. Peter Zalewski from the Miami Condo Market Investing Club™ discusses the implications of the upcoming 2025 law requiring Florida condo associations to set aside reserves to prevent disasters like the Surfside condo collapse. The podcast features Richard Alfonso, the Director of Specialty Products at U.S. Century Bank, who explains condo association financing options. A lot has changed since June 24, 2021 when the Champlain Towers South collapsed on the barrier island in Miami-Dade County. Nearly 100 people died and a $1 billion settlement was reached with the families of the victims. Some industry watchers have compared it to an inflection point on par with the Category 5 Hurricane Andrew that devastated South Miami-Dade County in August 1992 and led to more stringent building code requirements in South Florida. Since the 2021 collapse, older units are said to be tougher to sell, insurance prices are spiking year-over-year and association maintenance fees and special assessments are squeezing owners to the brink. In response to the Surfside disaster, Florida is requiring associations that govern older condo projects to study the structural integrity of all buildings on their properties and begin funding the necessary repairs by January 2025, ending the practice of deferring work and costs. People are dubbing this moment as the 2025 Condo Association Financial Cliff as it expected to result in significantly higher costs for unit owners. Industry watchers are at odds as to the direction of the South Florida housing market through the end of 2024 and into next year. Bullish investors are predicting housing demand will reignite once the Federal Reserve begins to cut interest rates. Bearish investors contend that condo prices are too high from the run up in work-from-home buyers during the pandemic years and likely to collapse in the months ahead if the economy slows and these transplants leave South Florida. To stay abreast of the volatile South Florida condo market, we would encourage you to join the newly launched Miami Condo Market Investing Club™. The objective of the Club is to create a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, The Club is ideally suited for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services. Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube. As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006. For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com

    55 min
  7. Is A Commission Agreement Now Required To 'Tour' A Miami Condo Listing?

    AUG 27

    Is A Commission Agreement Now Required To 'Tour' A Miami Condo Listing?

    Following the National Association of Realtors® $418 million settlement to resolve "antitrust claims," buyers working with NAR members are required to sign commission agreements in certain situations. Read the report: https://peterzalewski.substack.com/p/is-a-commission-agreement-now-required As a reminder, we crunch a lot of statistics each week and then publish the results byway of a series of reports posted on ⁠CondoVultures.com⁠. If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: ⁠PeterZalewski.substack.com⁠ If you are interested in participating in a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, we encourage you to join the ⁠Miami Condo Market Investing Club™⁠. The Club is also ideally situated for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services. Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube. As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006. For South Florida condo resale information, please call 305.865.5859 or visit ⁠CondoVulturesRealty.com⁠

    6 min
  8. Do Miami Condo Buyers Now Have To Pay Broker Commissions?

    AUG 26

    Do Miami Condo Buyers Now Have To Pay Broker Commissions?

    Florida Realtors® association General Counsel Juana Watkins recorded a video message explaining the repercussions of the newly implemented National Association of Realtors® $418 million settlement. Read the report: https://peterzalewski.substack.com/p/do-miami-condo-buyers-now-have-to The audio is AI generated based on the voice of Peter Zalewski, who authored this report. As a reminder, we crunch a lot of statistics each week and then publish the results byway of a series of reports posted on CondoVultures.com. If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com If you are interested in participating in a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, we encourage you to join the Miami Condo Market Investing Club™. The Club is also ideally situated for Do-It-Yourself (DIY) condo buyers who can rely on our latest statistics, expert opinions and access to consulting services. Additionally, we encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube. As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006. For South Florida condo resale information, please call 305.865.5859 or visit CondoVulturesRealty.com This information is believed to be accurate and complete but cannot be guaranteed or warranted.

    6 min
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This podcast focuses on identifying buying opportunities and implementing strategies in the volatile South Florida condo markets of Miami-Dade, Broward and Palm Beach counties. Host Peter Zalewski is a former financial journalist who now works as a Miami real estate broker, Wall Street analyst and expert witness. This podcast is not authorized by the real estate industry and will probably annoy many of the industry’s talking heads. The CondoVultures.com podcast stresses straight talk and does include salty language that could be offensive to some.

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