After years of navigating the complexities of condominium ownership and association governance in Florida, longtime condo board members Laura Murray and Adam Cohen decided they had had enough. Rather than accept the status quo of scattered information, ever-changing regulations, and costly legal consultations, they built a solution: Domexa Labs.
The Miami-based PropTech company offers two complementary platforms designed to address Florida’s increasingly complicated condo market. My Condo Health Score provides buyers, investors, brokers, and insurers with a transparent risk assessment tool for condo buildings, while My Condo Compliance equips condo boards and property managers with tools to navigate Florida’s evolving regulatory requirements to assist their associations in staying compliant, thereby helping maintain condo unit property values.
From Board Room Frustrations to Tech Solutions
Both founders came to entrepreneurship through personal experience. Murray purchased a condo nearly a decade ago and later served on the condo board, where she confronted challenges that would become the foundation of Domexa Labs’ mission.
“This is the tool I wish I had before buying my condo,” Murray stated, reflecting on her experience. “When I purchased my unit nearly 10 years ago, I barely knew what an assessment was, or how various factors would impact the property’s value in the next 10, 20 years. People invest in condos for the luxury of waterfront property, but not always with a full understanding of the financial or structural risks that come with the building.”
As a recent board president, Murray faced a 40-year recertification, hurricane damage and insurance disputes, rising premiums, and mounting legal fees. The experience revealed systematic gaps in how associations manage compliance and how buyers evaluate risk.
“There are so many stories right now in Florida where associations are only now realizing the extent of their building’s problems when there is a financial shortfall or an emergency repair,” Murray explained.
Cohen brings over 15 years of experience as a real estate broker and investment analyst. As both a former condo board member and broker representing buyers and sellers, he witnessed similar problems from a different angle.
“As a realtor for buyers and sellers for more than 15 years, I am all too familiar with the cumbersome process of gathering information on a condominium,” Cohen said. “Not only is it time-consuming, but it is difficult for buyers to fully comprehend the information and its impact on property value.”
To be sure, property appraisals are not new. However, there has never before been a service that provides a report that appraises the building or the association’s viability. My Condo Health Score offers detailed reports on the financial, operational, and physical viability of the building.
Dual Platforms to Address Market Gaps
Both founders recognized that Florida’s condo market needed solutions for two distinct audiences: associations struggling with compliance, and buyers seeking transparency about building conditions.
My Condo Compliance addresses the board and management side of the equation. The platform centralizes Florida’s complex regulatory requirements, from milestone inspections to reserve studies to annual reporting, into a trackable system that reduces reliance on expensive legal consultations for routine questions. An integrated AI component functions as a virtual compliance specialist, helping property managers and boards ask questions and seek guidance on complex inquiries in real time.
In the past, associations often turned to attorneys for minor questions, driving operational costs significantly. Property managers lacked the information to guide boards through state and local mandatory requirements. My Condo Compliance fills that gap by automating records management, reading Florida statute, and generating compliance tasks tailored to each building’s specific parameters.
On the buyer and investor side, My Condo Health Score translates complex building and financial data into a clear, standardized rating. The scoring system uses a proprietary algorithm based on legal, financial, structural, management, and operational data, making this the first time a condo building’s health has been systematically quantified for Florida’s market. My Condo Health Score is a complimentary service. For a nominal cost, buyers and realtors can purchase a full report, which gives a clear, data-driven view of a building’s health along with targeted questions to ask sellers, so that buyers can make informed decisions and negotiate with confidence.
“Information should empower, not overwhelm,” Murray said. “The Health Score report gives buyers a roadmap.”
Turning Experience Into Innovation
Murray’s two decades in legal technology and corporate governance, combined with her background as a Florida-licensed attorney, informed the creation of My Condo Compliance and its focus on regulatory precision. Cohen’s expertise in real estate brokerage and investment analysis shaped My Condo Health Score’s focus on practical, data-driven insights for buyers and investors.
By merging their legal, technical, and market knowledge, the founders have built a connected ecosystem that makes condo ownership in Florida more transparent, compliant, and financially sound.
Addressing Florida’s Evolving Regulatory Landscape
The timing of Domexa Labs’ launch reflects the seismic shifts underway in Florida’s condominium environment, often dubbed “Condo 4.0.” Following high-profile building safety concerns, the state has instituted sweeping laws, including milestone structural inspections, mandatory reserve studies, and fully digitized record requirements. Non-compliance now carries serious consequences: associations face penalties, board members risk civil and criminal liability, and buildings may endure forced evacuations, loss of occupancy certificates, or placement on Fannie Mae’s “blacklist.”
While Florida has become ground zero for these reforms, the trend is national: states such as New Jersey and Maryland have introduced or strengthened laws requiring full reserve funding, enhanced financial management by associations, greater transparency and disclosure, and rigorous ongoing maintenance for aging condo buildings.
As the condo-ownership model rapidly evolves under regulatory pressure and investor scrutiny, Domexa Labs brings a unique insider perspective to the challenge. Their tools were built by people who have seen the pain points from the boardroom to the broker’s desk and now offer solutions that align with the direction the entire industry is moving.
