2 ms·
Depends on the ownership structure. A lot of large apartment buildings are single-owner/single-management with all units rented. Usually some sort of corporate
by alistairSH 4y ago
Depends on the ownership structure.
A lot of large apartment buildings are single-owner/single-management with all units rented. Usually some sort of corporate owner.
Condo buildings might have id rentals offered by individual owners.
The former is (possibly) more likely to ask questions like “is it better to sell the whole building in the face of falling revenue?”
The latter, if their mortgage is lower than rental income, might just hold the unit regardless of the unit’s value. Probably a much less sophisticated owner/landlord than a big corporation.