this post was submitted on 02 Oct 2023
1164 points (90.5% liked)

Memes

44924 readers
2812 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
1164
Don't be fooled Billy, it's not really a job, more of a parasitic relationship (lemmy.world)
submitted 10 months ago by [email protected] to c/[email protected]
276 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 14 points 10 months ago (2 children)

The places I've stayed so far pay a company to deal with these issues in place of the owner.

I can't speak on what that costs, however.

[โ€“] [email protected] 7 points 10 months ago

Management companies typically take a percentage of the monthly rent (can vary wildly from 8% up to 25%+). This also means they have a vested interest in increasing a building's rent by the maximum legally allowed amount every single year, because it means they make more without doing additional work.