Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
I own condos, and have no issue investing in them, but this is a clear example of why you need to do your due diligence into the management of the building. This condo building owes the power and gas companies over $1 Million. Its been a fascinating story to follow this past week.
I've heard about this, and it's really a sad one. Every landlord/condominium management should be mindful that tenants are still people! What an awful position for those people and the company that should've took better measures to ensure bills were paid in a timely matter. Such a small concept turned into a huge mess!