rental: When is unreasonable, way too unreasonable?
- 03/28/08 04:28 AM
Not too long ago, I had a real estate agent contact me with a request. Given that I am involved in Property Management, I was asked if I can lease a condo for one of her customers. Apparently, the person had bought a condo in the Los Angeles area at a price way above fair market value (awful deal!), so he no longer was able to afford the payments, nor could they sell the place (it is located in an area of high value loss), so he decided to rent it out for a ridiculous price to not only cover his … (4 comments)
rental: When is unreasonable, way too unreasonable?
- 03/28/08 04:27 AM
Not too long ago, I had a real estate agent contact me with a request. Given that I am involved in Property Management, I was asked if I can lease a condo for one of her customers. Apparently, the person had bought a condo in the Los Angeles area at a price way above fair market value (awful deal!), so he no longer was able to afford the payments, nor could they sell the place (it is located in an area of high value loss), so he decided to rent it out for a ridiculous price to not only cover his … (19 comments)
Not too long ago, I had a real estate agent contact me with a request. Given that I am involved in Property Management, I was asked if I can lease a condo for one of her customers. Apparently, the person had bought a condo in the Los Angeles area at a price way above fair market value (awful deal!), so he no longer was able to afford the payments, nor could they sell the place (it is located in an area of high value loss), so he decided to rent it out for a ridiculous price to not only cover his … (4 comments)
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