Quote:
Originally Posted by Calgary14
Pool all resources together as one common building, hire out a 3rd party management company to do the day to day stuff and each owner gets their share of the annual net profits based on ownership relative to the building total (ie. square footage) so if you owned more than 1 unit you'd get a higher percentage of the annual profits
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Good in theory, but I bet its setup like a condo board where you need a certain percentage of votes or proxys to do anything communal like that.
Will be very tough to gain momentum on anything collective as each owner will have their own motivations, timelines, and views on how they want things to go.
Add in the fact that most of these owners are out of town (and probably overseas) and I bet the response and approval rate would be very very low.