Jul 20 2015, 11:26 PM
QUOTE(khorsh @ Jul 12 2015, 11:34 AM)
Super good advice! A lot of us being first timers, or being too busy, we just don't spend enough time researching. I was guilt of this. Sometimes, it's because we don't trust information on the Internet as well, and lack connections to people who know the area well.
I have been thinking a bit more about this:
1. How to get better/trustworthy information about the area/condo
2. How to get people to understand, cooperate, and be responsible for their actions since they actions will affect everyone in the area/condo
Yes what is mentioned above is true, always check on whether it is a good management company. this makes a HUGE difference in keeping the whole building is top condition especially if you are investing. You'd want to get a good value for rental yeild. Good management also makes a huge difference in terms of security, cleanlines and efficiently in maintaining the area. I have been thinking a bit more about this:
1. How to get better/trustworthy information about the area/condo
2. How to get people to understand, cooperate, and be responsible for their actions since they actions will affect everyone in the area/condo
I believe that the owner should pay the full maintenance fee and consider the cost when listing your montly rental rate.
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