Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Nenshi stirs up a hornets nest with his landlord gouging comments

darklord700 · 10-21-2014, 08:44 AM

I had a new built apartment and I had been a landlord before. All's said, I cleared about $4K-$5K a year depending interest rate which represent about 10% return on my downpayment. The killer is not to have the unit rented out 100% which obviously eats into your profit.

This a new built so no maintenance work normally but I still have to show the unit, show the tenants a few things. I sold the unit recently becasue I have better ways to make $4K or so a year without bearing the risk or the hassle.

Nenshi seems to think landlords are scums out there to gouge people without realizing the risk and work we are taking.

10-21-2014, 08:44 AM	#84
darklord700 First Line Centre Join Date: Oct 2009 Exp:	I had a new built apartment and I had been a landlord before. All's said, I cleared about $4K-$5K a year depending interest rate which represent about 10% return on my downpayment. The killer is not to have the unit rented out 100% which obviously eats into your profit. This a new built so no maintenance work normally but I still have to show the unit, show the tenants a few things. I sold the unit recently becasue I have better ways to make $4K or so a year without bearing the risk or the hassle. Nenshi seems to think landlords are scums out there to gouge people without realizing the risk and work we are taking.