Equiton’s strategy is to buy buildings where existing tenants pay below-market rent, and renovate units when those tenants move so they can be rented out at higher rates, generating profits for its more than 8,000 investors, said its vice president Lavelle Lindo. Lindo shared the business insights in an interview with a wealth management company posted online in 2022.
It seems like their business strategy is buying out places charging below market rates and renovicting the people living there. Demons.
It seems like their business strategy is buying out places charging below market rates and renovicting the people living there. Demons.
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The folks who made that possible want everything monetized, but I’m hopeful this way of thinking is on its way out, for a few reasons.