Question
When the general economic trend is inflationary, the book states that the manager should push for an increased rental rate and a short-lease term or
When the general economic trend is inflationary, the book states that the manager should push for an increased rental rate and a short-lease term or for an escalation clause. It states that during a deflationary trend the manager should favor a longer lease to secure the current rental rate. Rent increases and that many managers bonus is tied to supporting rent increases if their yearly bonus is tied into collected rent. The excessive demands on a property manager. What are some examples from this facts surprises you, or didn't otherwise realize played a role in property management? What new insight did you discover?
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