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Updated almost 10 years ago on . Most recent reply
![Christopher Morin's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/256455/1621436674-avatar-christopherm5.jpg?twic=v1/output=image/crop=1370x1370@0x38/cover=128x128&v=2)
Is this price-fixing or good market research?
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.