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by ta1243
782 days ago
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> In a demand-skewed market you will just pass the higher cost on in rent; it’s not going to make it any less likely that you manage to let it out. In a demand skewed market you'll charge the same regardless. Two people owning identical flats, one with a 90% mortgage at 5%, one with no mortgage at all, will charge exactly the same rent. Costs don't come into the rent charged, this is a lie perpetrated by landlords who want tax breaks. |
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Identical flats in the same building will have the same management charge.
Flats in different buildings are not identical, and will generally have different rents; the difference in management charge is one factor that will determine this.