Recent content by noteThePage

I’d push back on “condo equals simpler.” It reduces direct maintenance, but adds administration and dependence on other owners. If decisions stall or communication is poor, small problems can become expensive ones. The meeting records Helena mentioned may reveal more than the monthly charge.

Insurance and property tax should each have their own line rather than being buried inside a general contingency. The same goes for management: confirm whether the figure includes tenancy changes and extra administration, not merely monthly rent collection. Small omissions matter when the spread...

I would build two simple scenarios: retain the tenant under a compliant adjustment, or re-let after a realistic vacancy period. Include expected repairs, any actual transaction costs, and the time needed for inspection and deposit handling. Then verify the permitted rent and notice route...

Demand should not be used to excuse every mismatch. If the unit has been listed for a while, the asking price itself may say little about achievable value. Ask how long it has been marketed and whether the seller has changed the price, without treating the answer as a completed-sale substitute.

For the annual side, request the latest actual property-level statements available and ask which charges are billed directly versus collected through an association or manager. Also ask whether planned works or unpaid amounts can pass with the property. After the location issue is cleared up...