We year?
duplex rent a sero
18 duple
a new owner.
month rentan
owner. the previous owner
rent and had a 100% occ
et of 24 duplexes (48 units) was sold to
sus owner charged $700 per
100% occupancy rate. the new
chis rental amount was well below other
area, immediately raised the rent to
next 6 months, an average of 47 units were
units were
owner, aware that this
rental prices in the area
$750. over the next
the owner raised the rent to $800 and
vere unoccupied during the next
occupied. the
char 2 of the
6 months.
what was the monthly rental income
i. for the previous owner?
ii. after the first rent increase?
iii. after the second rent increase?
construct an equation for the month
a function of the num
c. if the occupancy rate co
increases in the same m
on for the monthly rental income as
on of the number of $50 increases in the rent.
occupancy rate continues to decrease as the
ease as the rent
the same manner as it did for the first two
unt will maximize the owner's
increases, what rent amount will maximize
cental income from these duplexes? how m
owner collect in rent each month at this rental
amount?
d. what
what other considerations besides rental
uld the owner take into account when determining
an optimal rental amount?