It’s a tough “job” but someone “has to” do it

  • Rivalarrival@lemmy.today
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    3 days ago

    The “benefactors” you’re talking about are the tenants. The owner of the building is an LLC; the owners of the LLC are also the tenants of the building. In this case, the building is a quadplex. There are no additional renters to bring in.

    All of the various payments and fees you mentioned? A traditional landlord has all those as well, plus one more: profit. This LLC doesn’t make a profit. Any “profit” it made would come from the tenants, and would be owed back to those same tenants. There is no profit incentive here.

    • alkbch@lemmy.ml
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      3 days ago

      Wait, if the owners of the building are also the tenants of the building, then this is just home ownership with extra steps, which was my very first comment.

          • Jimius@lemmy.ml
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            2 days ago

            Because there is no profit motive if you rent from yourself. Also, you only pay rent. You don’t have put up collateral, down payments etc. Also you don’t actually own it. When you leave, you’re not selling anything.

            • alkbch@lemmy.ml
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              2 days ago

              The example we have been using clearly stated to the owners of the building were also the tenants of the building. Are you suggesting a completely different example?

              • Jimius@lemmy.ml
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                2 days ago

                I think you better google it for yourself and learn about it, instead of asking questions to strangers and constantly being dissatisfied with the answers.

                • alkbch@lemmy.ml
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                  2 days ago

                  I am just looking for a comprehensive answer that makes sense. I haven’t read one here so far unfortunately.

      • Rivalarrival@lemmy.today
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        3 days ago

        I mean, something has to own the building and contract with the tenants, and that something can’t have a profit motive without simply becoming a landlord. So, yes, pretty much.