In managing real estate it seems that it is all about money. It seems that the purpose most investors acquire real estate for is the cash flow and potential appreciation in property value.
Is there a risk of being too focused on the financial aspects of the property? What type of strategy would you develop using the 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.