In managing real estate it seems that it is all about money. It is true that the purpose most investors acquire real estate is for the cash flow and potential appreciation in the value over time.
Is there a risk to being too focused on the financial aspects of the property? What type of strategy would you develop using information in Chapter 8 to maximize the value of your property?
1.Would you charge the highest possible rents? Why or why not?
2. Would you maintain the property to the highest possible levels of quality and cleanliness at all times? Why or why not?
3.Would you take any tenant so long as they paid the rent? Why or why not?
Explain and discuss.
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