Perplexed by “Plex” Here in the Midwest, a “triplex” has a specific, defined meaning: it’s an apartment building with three, legally separate rental units. Ergo, a duplex consists of two units, a fourplex, four, and so on. The units may either be side-by-side or stacked vertically — same (legal) difference. Number of Floors vs. Units...Read More
Separating Siamese Twins — or Quintuplets “No one ever washes a rental car.” –Popularized (if not originated) by NYT columnist Thomas L. Friedman Just as rental cars aren’t exactly known for receiving TLC (never mind the car wash), so, too, rental properties aren’t usually known for their pristine, state-of-the-art condition. Which is why condo conversions...Read More
