Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

124
Posts
49
Votes
Christopher Morin
  • Flipper/Rehabber
  • San Francisco
49
Votes |
124
Posts

Is this price-fixing or good market research?

Christopher Morin
  • Flipper/Rehabber
  • San Francisco
Posted

I own a rental property amongst a group of townhomes governed by an HOA. I'm considering soliciting the members of the HOA to put together a collective "worksheet" where the current landlords can see what the other properties on the block are renting for and potentially the condition inside that is able to solicit said rent value. They would be able to then value their properties, advertise to income investors, and adjust their own rents if they choose based on this research. The way I see it, we could potentially raise the total collective value of the association homes through increase market awareness through the owners within the HOA. Owners could selectively use whatever information they wanted.

1) If you as an owner were asked to provide basic data to the comparable properties in your area, would you? 

2) Could this be misconstrued as potentially illegal price-fixing?  Obviously we wouldn't have active discussions to collectively raise rates or anything so outrageous, but I'm no expert on the subject. 

Loading replies...