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Don't be fooled Billy, it's not really a job, more of a parasitic relationship (lemmy.world)
submitted 2 years ago by to c/memes@lemmy.ml
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[–] 14 points 2 years 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.

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  • [–] 7 points 2 years 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.

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