3 ms·
One thing that I think you might not have considered is that wjile $2500 in rent does include the things you mentioned it is on top of the cost of the space its
by rognjen 6y ago
One thing that I think you might not have considered is that wjile $2500 in rent does include the things you mentioned it is on top of the cost of the space itself. The landlord probably pays $1500 in mortgage.
- nunez 6y agoI have considered this. Landlord (property management company in this case) makes margin on the difference between my rent and their mortgage, but they also assume the risks that come with that (leaky ceiling, structural issues, rework from bad tenants who trashed the place, etc). That’s what I meant by “sticky floor” vs “non-sticky ceiling”. There’s money in it for sure, but it sounds like more trouble than it’s worth (for me).