inonada welcomes new owner downstairs

Apples to oranges. You didn't get to pick your wall color. Red Delicious red vs. orange orange. Not comparable in any way.

Pay attention! I already said the LL agreed to paint whatever color I wanted, gratis, but I chose white. You can take the renter out of the rental, but you can't...

Impossible! Only owners can choose wall colors.

I call shenanigans.

Have any new apartments come up for rent in your building in the past year?

Yes.

How were the terms?

Nothing in the same line.

On apts at a comparable rent, a couple went for maybe a 10-15% higher rent per $M than mine. Call it $2750 per $M with $1200 in CCs/taxes at best. A 1.86% on-cash carry vs. 1.44% for mine. A 30% improvement, that makes all the difference I'm sure.

Then there was a place priced at $6000 per $M on my floor. It was on the market for a year, just taken off the market. Haven't seen a new neighbor in the halls, dunno. Bought a couple of years back, renovated, waiting for a sucker while bleeding cash. Good news is there was no mortgage, just the $1200 per $M bleed to CCs/taxes for 2 years, so only bled 3% of investment. Bad news is that the money would have returned 42% in the stock market.

So there's that.

Inonada:

1. hate to ask but ...
2. if apartments like yours are now selling for only 1-2 million dollars
3. does yours have a toilet

There goes Arby with his toilet humor again.

>a couple went for maybe a 10-15% higher rent per $M than mine.

Yours went up 3%, right, as you said in the first post, although it went from $2K/MM to $2.4K/MM and common charges from $1K/MM to $1.2K/MM?

What am I not calculating properly?