01-25-2017, 05:12 PM
(01-25-2017, 03:47 PM)tomh009 Wrote: So in that scenario it effectively becomes a rental apartment building. We do need those, too. It doesn't make it a bad building, just a different one.
Our condo building has about 25% rentals, and at least at the moment the people renting are not causing any significant problems. And if that changes, the condo rules actually give the board a lot of leverage for dealing with unruly residents.
I agree, we need rental and condos, but when the rental is happening via sublet to an owner in a condo building who may not have the same priorities as an official apartment building owner, the results are... chaotic and uncontroalble. I'm glad your experience is working out - it absolutely did not at the Kaufman Lofts.
...and $1600/month on a mortgage would get you one hell of a home!