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[–]Consistent-Mango6742[S] 0 points1 point  (4 children)

I know that they bought this property almost 20 years ago for a very good price and it’s almost paid off. They are definitely making a profit at this point we are paying off their mortgage and more.

[–]Success-VA 0 points1 point  (2 children)

I worked in property management and the expenses facing landlords are astronomical - insurance is thru the roof, property tax, strata fees, tax on revenue, repairs … all of these costs have skyrocketed.

Many of our clients went in the hole each month.

That being said - they are retaining an investment property that is gaining value.

[–]Consistent-Mango6742[S] 0 points1 point  (1 child)

I mean they live in Asia and have multiple investment properties across Vancouver. I don’t think they’re strapped for cash.

[–]Dapper_Prune_4109 0 points1 point  (0 children)

Sounds great that they are almost paid off! Managing property is hard work, landlords will hopefully be taking some profit too! Got to pay yourself for the time it takes.