-- After three years of declining condo values, insurance spikes, and tightening regulatory oversight, Florida’s condominium associations are slowly beginning to embrace new technology and artificial intelligence (AI) to shore up property values and safeguard against legal risks. As reported by the Wall Street Journal, older Florida condos have seen values fall over 30%, largely due to stricter laws passed in response to safety concerns.
Photo Courtesy: Jeffrey Eisen
Sweeping laws (SB 154, HB 913, local ordinances) now require milestone inspections, reserve studies, and digitized records for most buildings. Non-compliance exposes boards to liabilities, association penalties, and in worst case scenarios, forced evacuations and the Fannie Mae “black list.” Board members face new, greater liabilities and associations must disclose repairs, financial status, and assessments during sales. “Many associations are pushed to the brink by the administrative workload,” per recent WSJ market analysis.
With the state offering no unified compliance system, proptech firms like Domexa Labs are filling the gap. The company’s flagship platform, My Condo Compliance, automates records management and generates compliance tasks tailored to each condo building, using parameters and data pulled from both publicly available sources and condo records. An integrated AI component functions as a virtual compliance specialist, assisting boards by addressing even the most complex inquiries in real time. “AI is crucial in ensuring compliance with listing data standards,” according to MIAMI Association board member Crawford, as reported in Nucamp’s 2025 Miami real estate technology guide. Automated compliance tools minimize legal risk and make routine task management more efficient.
Elevated insurance premiums, soaring HOA fees, and multimillion-dollar special assessments are driving associations to adopt project management platforms that leverage AI for predictive analytics and budget planning. Well-managed communities with robust compliance and digital records are likely to retain property values and attract buyers or lenders. “Operations and compliance have become practical competitive advantages in Miami because association-led tech tools automate error-prone tasks, enforce data standards, and surface legal risks before they hit escrow,” says a recent industry report.
About Domexa Lab
Domexa Labs is a Miami-based technology provider specializing in digital compliance and risk management solutions for condominium associations. The company’s SaaS platform, My Condo Compliance, leverages artificial intelligence and other technology to automate records management, generate compliance tasks using building-specific parameters, and assist board members with financial, engineering, and regulatory guidance based on a variety of publicly available data. Its companion software, My Condo Health Score, is a publicly available scoring system that evaluates the overall condition of condos. Using a proprietary algorithm based on critical legal, financial, structural, and operational data, this is the first time condo health has been translated into clear, standardized, and actionable metrics.
Contact Info:
Name: Laura Murray
Email: Send Email
Organization: Domexa Lab
Address: Miami, Florida, United States, 33160
Website: http://domexalabs.com
Release ID: 89169803
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