1144
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Oct 2023
1144 points (90.3% liked)
Memes
45619 readers
1066 users here now
Rules:
- Be civil and nice.
- 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
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.
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.
Even dealing with a property manager can be a full time job for owners.