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A landlord rents a 6 unit apartment complex for $450/unit per month. The property manager receives a 10% management fee. The mortgage for the complex is $1800/month and repairs are $180/month. What is the landlord's net income per month?(a) $450(b) $900(c) $2,700(d) $2,250

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innthomas00158

Answer:

a $450

Explanation:

6 unit apartment equals 450 x 6 = $2700

less management fee =10% x 2700 = 270

less mortgage                                     1800

                                                           ---------

                                                            $450

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