re: #103 Feline Fearless Leader

From this story so far I’d say it is a group flipping property who are trying to run currently owned properties as cheaply as possible in the interim. They don’t want to hold them long-term, so no interest in sinking money in maintenance, handling the existing leases, etc. etc. Skimming off what they can and hoping to move the place for a profit ASAP.*

And getting slum tenants would probably require a drop in rent, further property damage, and other issues that will negatively affect the property value.

* - And before their mismanagement starts to negatively affect the value. It really looks like these people are being penny-wise and pound-foolish in their short term outlook.

Unless there is a wait list long enough to fill vacancies (which, perhaps, there is), it seems to me that trying to flip properties if long-term residents are fleeing is more than penny-wise, pound-foolish…it’s self-defeating.