Condo Whistleblower Wants To Be Next Mayor Of Boca Raton In Palm Beach County

06/11/2025 1h 15min Temporada 2025 Episodio 1105

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Episode Synopsis

Introducing the new weekly podcast The Peter Zalewski Show that features interviews with South Florida business leaders focused on real estate, finance and the economy.The program - hosted by Peter Zalewski of the Miami Condo Investing Club™ - is broadcast live every Wednesday at 4 pm (Miami time) at MiamiCondo.Club and on social media sites.The objective of the show is to deliver straight talk, share institutional knowledge and provide data-driven analysis on the macro and micro economic forces shaping the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.Episode OverviewIn the Nov. 5, 2025, episode of “The Peter Zalewski Show” podcast, host Peter Zalewski interviews Josh Joffe, an environmental engineer, aspiring author, real estate broker and urban planner who is running for mayor of the City of Boca Raton in the upcoming March 2026 election.The discussion opened with Joffe detailing his unexpected role as a self-described condo whistleblower following his personal experiences living and working within the condominium industry in Miami-Dade County and Boca Raton in southern Palm Beach County.Joffe detailed a systemic problem stemming from Florida law, which mandates that condominium executive boards must be comprised of volunteer board members.He argued that forcing volunteers to manage multimillion dollar facilities—often worth $50 million to $75 million or more—creates a fundamental problem and invites mismanagement.Joffe used the analogy that highly sensitive facilities, such as nuclear power plants, are run by experts, not volunteers, underscoring the challenges of the current statutory requirement.Zalewski noted that this is a significant issue in South Florida, where approximately half of Florida’s 1.2 million condo units are located in the tricounty region of Miami-Dade, Broward and Palm Beach.Joffe’s solution, detailed in a white paper on condowhistleblower.org, proposes a four-point plan to eliminate corruption, starting with mandating professional fiduciaries to run serious condo facilities.He suggested these professionals be experts such as an engineer, architect, lawyer or accountant who would carry personal liability plans for work associated with their profession in the condo.Joffe also proposed mandating a resident policy to balance the heavy liability insurance policies typically held by boards and property management.Addressing more serious offenses, Joffe suggested ways to pierce the mutual indemnification codes common between boards and property management companies, similar to a RICO statute at the state level, to combat instances of conspiracy and serious crime.Zalewski questioned the efficacy of relying solely on simple, broad brush regulations like the Milestone Inspection at the 30-year mark and Structural Integrity Reserve Studies (SIRS) every 10 years.Joffe argued that these regulations, while intended to address the Surfside condo collapse, are not optimal solutions; rather, they require deeper professional interaction and accountability, such as engineers having personal liability directly locked into their risk assessments.Joffe introduced the emerging industry of environmental actuarial services, which provides insurance parameters for environmental risk, such as soil health deterioration and drainage issues, to help stabilize assets against depreciation and shock.The discussion pivoted to economics, where Joffe questioned Florida Gov. Ron DeSantis’s proposal to eliminate property taxes, arguing it would create economic inefficiency by taxing assets away from their point of use.Zalewski provided market context, noting that the severe insurance issues and lack of transparency have driven cap rates in high-density areas like Greater Downtown Miami and Miami Beach to less than 1 percent, rendering the market virtually Uninvestible for traditional investors.

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