this post was submitted on 02 Oct 2023
1165 points (90.5% liked)

Memes

45730 readers
974 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]
1165
Don't be fooled Billy, it's not really a job, more of a parasitic relationship (lemmy.world)
submitted 1 year ago by [email protected] to c/[email protected]
295 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 1 year 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.