MIAMI—As condo buildings get completed, the last units are always the most difficult to sell. At the same time, investors putting their newly built units on the market are facing competition from the condos coming on line.
As a result, many sellers are option to position their units as rentals to general an income. GlobeSt.com sat down with general contractor SPACiO Design Build's Alex Wertheim to discuss how to build-out a “decorator ready” condo to attract tenants on a tight budget in part one of this exclusive interview.
GlobeSt.com: With so many luxury condos on the market, how can developers and investors position their condos to generate income?
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