Comments on: Mixing Condo Renters with Owners

By: Alicia

Alicia — Mon, 20 Aug 2007 03:45:08 +0000

These investors will eventually loose money here is why. I live in a condo conversion I have had many incidents with mold manly because the people who worked on the place only beautified the units not fix internal problems. When you hire cheap workers you pay a price shoddy work which will lead to the lawsuits. With former apartments you need to do a complete fixing. Previous renters could have neglected the units. People are not going to slap down lots of money, and live in a leaking condo. If you think so your fooling yourself. Second what if renters don’t report problems. They don’t care since they don’t own the place.They may have to work, and figure they can worry about it later. Then you have to pay money to repair damages that become more problems if left unreported. Third what if renters don’t pay then you have to spend money to take them to court, and evict them. Maybe hard to do if your in another state. Fourth what if maintenance fees go up, and your not profiting off the condo. Also what if your rent is to high, and people can’t afford it they can just rent a cheaper apartment, or trailer. If the housing market is bad renting markets may become bad because people don’t make the money they used to.

By: Jessica

Jessica — Mon, 20 Aug 2007 03:32:04 +0000

I have three kids in a small two bedroom condo pretty sad when that is the only thing you can find under 200,000. Without it being a dilapitated house, or trailer home. People have become really greedy when the homes are not even worth that much. Now with this mortgage thing going on with renters I wounder if we will ever get out of here.

By: Mark Wade

Mark Wade — Wed, 15 Aug 2007 13:58:04 +0000

I agree that a high percentage of investors in a condo conversion project is not preferred. They seem to flood the market with their resale units, making it very difficult for owner occupants to resell should the need arise….

By: MetroWest Orlando’s Safest Neighborhood!? at The Condo Metropolis Blog

MetroWest Orlando’s Safest Neighborhood!? at The Condo Metropolis Blog — Mon, 16 Jul 2007 01:16:32 +0000

[...] The other half of the equation is that much of the problem has to do with the deterioration of the MetroWest demographic itself, which has been influenced by the heavy condo conversion buyout by investors - and the consequent influx of under-qualified renters that I wrote about recently. [...]