In uncertain times, it is essential to keep well-informed about the financial and economic landscape that impacts multigenerational apartment families. Knowing all of your options and opportunities allows for strategic thinking, both today and in the future. As new generations come into play in the family business, it is inevitable that varying objectives may impact business operations.
How do you handle these situations? What if your family does not meet the criteria for staying together—how do you take the next steps while maintaining fairness? As big a mountain as this topic appears to be, know that there is a process for working through the complexities of intergenerational apartment families and have confidence that there is a path forward!