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Old Jun 21, 2011, 7:49 pm
  #10  
xracer
 
Join Date: Aug 2006
Posts: 751
Originally Posted by NYBanker
Owners pay for capex, not management companies.

If there were a big upgrade, it would be for the account of the property owners, not MO.
I was implying that the MO group would probably not agree to lowered rates, not that they would have to pay for the capital expenditure.
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