Yeah, I guess I'm just saying that you need to determine if you can charge x before entering the business, you can't arbitrarily decide to do so afterwards.
Otherwise all very sound advice about not underestimating risk or capital requirements. With condos you end up the absurd situation where a good chunk of them consistently lowball the required reserve fund they need in order to attract tenants with lower monthly rates, and then tenants get hit with a special assessment every time there's a big ticket repair to complete.
Otherwise all very sound advice about not underestimating risk or capital requirements. With condos you end up the absurd situation where a good chunk of them consistently lowball the required reserve fund they need in order to attract tenants with lower monthly rates, and then tenants get hit with a special assessment every time there's a big ticket repair to complete.