Pros:
Full service (in unit washer/dryer, gym, 24 hour doorman, rooftop lounge)
Clean (never had pest problems)
Cons:
At least once a year water maintenance/issues means water doesn't run for a day or so
Market rate apartments, management company will raise rent a lot ($500 a month increase), which makes people move out, and so units can be left vacant for more than a month.
Advice to owner:
You'd probably make more money by raising the rent a more reasonable amount so you don't lose money by vacant units.