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Updated over 2 years ago on . Most recent reply

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Leon Panokarren
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5
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reliance on realtors & contractors for SFR v/s multi-unit props.

Leon Panokarren
Posted
  • Thoughts on the line of reasoning below? Utterly misguided / bingo / so-so? 
  • The reliance on the contractor / real estate agent (realtor) of the “core four” may be a bit higher when purchasing SFRs compared to condominium units as with the latter, the condominium management is obliged by city regulations, condominium agreements with members to keep up common elements, that with the former are up to the owner. Evidently, this isn’t to suggest the realtor / contractor are not key dependencies when dealing with condominium investments that still require a lot of close review of many factors

NOTE: I am a total n00b so throwing ideas out to crowdsource "insights" :)

Most Popular Reply

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69
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59
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Justin Winn
  • Real Estate Agent
  • Mountain View, CA
59
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69
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Justin Winn
  • Real Estate Agent
  • Mountain View, CA
Replied

I would point to recent news of condominiums in Miami, FL. I wouldn't depend much on others who you don't know and trust. I believe it was a year or two ago that an entire condominium collapsed because the management failed to do their duties for maintenance and management for too many years. So I would always encourage you to lean on your trusted advisors, as well as research any HOA for how that money is being managed.

Best of luck.

  • Justin Winn
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