Quote Originally Posted by CLAUDE G View Post
I have a friend who lives in Troy, and they pulled the same crap and went up 10%

Every year they try to raise the rent, she threatens to move out and they back off. This year, she tried the same thing, and was pretty much told that they are at 95% capacity and if she wants to move out they have no issues finding someone to move in.

Granted these places got to make money, but it would be in their best intrest not to raise rent so your not dealing with people constantly moving in and out.
I looked into the economics of becoming a landlord a few years back [[wife hated the stock market and heard that real estate was safe, har-de-har-har).

I backed out of it quickly after a few trips to view apartment buildings.

The tenants all think you are bloodsuckers and that the rents they pay you are "gifts".

Your costs are constantly going up and every increase you have to pass on is a big fight.

Back before the housing crash, the economics of most places was a negative cash flow with the hope of a big capital gain when you sold it [[how did that work out after 2006?)

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