Rent increase. I have been waiting for this to happen
My rent went up today by 8%
Seems to me that because others are doing it, everyone gets in on the rort.
I live in a complex of 30 units, the approximate total rent received is over $330,000 a year.
The owner of this complex also owns other units, 124 in total, plus multiple houses. He is a now retired real estate agent.
Something I notice is that Real Estate agents have portfolios of how ever many properties. Seems there is some sort of "Insider" knowledge amongst them.
Buy up places on the cheap and rent them back.
Regards my retired estate agent with his huge portfolio and raising rents. Surely higher rents can not be justified. It comes back to greed, the more people have, the more they want. Best way for that to happen is to fleece the general public.
Gordon Gekko said - "Greed is Good"
Seems to me that because others are doing it, everyone gets in on the rort.
I live in a complex of 30 units, the approximate total rent received is over $330,000 a year.
The owner of this complex also owns other units, 124 in total, plus multiple houses. He is a now retired real estate agent.
Something I notice is that Real Estate agents have portfolios of how ever many properties. Seems there is some sort of "Insider" knowledge amongst them.
Buy up places on the cheap and rent them back.
Regards my retired estate agent with his huge portfolio and raising rents. Surely higher rents can not be justified. It comes back to greed, the more people have, the more they want. Best way for that to happen is to fleece the general public.
Gordon Gekko said - "Greed is Good"
