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by delecti
4276 days ago
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The document in question mentions them having over 4,000 managed properties, assuming an average of $1,000/month for each one of those, across the 2 years between October 2012 and now, that's $96,000,000. I seriously doubt $600,000 is enough to make the venture unprofitable. Even if I'm off by two full orders of magnitude it'd still be $960,000, and it's possible I'm undercutting the truth. |
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Also, don't forget the cost of doing compliance audits across all of their properties for the next three years, which is not going to be cheap either.