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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sun, 06 Mar 2005 14:24:56 -0600
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: Hi. all. Does anybody have any idea, how the landlord decides on lease price?
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Text of the message: |
In article <1110139420.071701.9570@g14g2000cwa.googlegroups.com>, jkim65@socal.rr.com wrote: > I have a person here who is actually planning to beg >.,< to the > landlord to lower his lease payment. Apartment rent can be set a number of different ways. One is to pull a number out of thin air. A second is to base it on what the local market with bear. A third is to base it on the value of the property and operation costs. A 4th way is change what the person can pay, or what the government is willing to pay for that person. Typically, to break even and make a reasonable rate of return, the rent has to be between 1% and 1.5% of the value of the building. For example, if you are renting a house that is worth $125,000 in the open market, then the rent needs to be between $1250 and $1875 per month. At the moment, most properties have gone way up in value, but rents have not gone up very much. As a result, most |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.