Question

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

Answer 1

a $450

Step-by-step explanation:

6 unit apartment equals 450 x 6 = $2700

less management fee =10% x 2700 = 270

less mortgage 1800

---------

$450