NOVPUB
Chapter 685: Chapter 292 Gu Will Definitely Understand_3
Any slightly better neighborhood, once it’s populated by a throng of "San ge," can see its property prices plummet.
Not to mention tenants, what decent person would dare to rent an apartment in a building where several "San ge" constantly swagger through the entryway?
If this nasty trick were really to be employed, homeowners would probably go to war with the property management...
Su Huai had thought Brother Dong’s "measures" were limited to just fees and reduced services. It seemed he had underestimated him.
"No, no, it won’t come to that."
Even Mr. Zuo was sweating bullets, the high-end players in the investment game indeed lacked such lowbrow thinking.
"Set up a leasing company, take over the controlling rights, and I don’t care about the bit of money lost inside and out..."
Brother Dong seemed a bit disappointed, "Hey, why waste the money for nothing? I can handle it, and I definitely won’t cause you trouble. Just wait to take over!"
"I know, it’s not that I don’t trust you, it’s just that I’m in a hurry on my end."
Zuo Zongcai stubbornly refused to relent.
After all, once Old Dong got to work with his shady tactics, significantly dropping the overall housing prices by 30%, taking on the risks, and putting in the effort, how was one to repay him?
Old Dong wanted to "entrap" Zuo Zongcai but failed and had to rethink his strategy.
"Then I’ll organize the general contracting. Currently, the annual per square meter rent here is around 850, and taking into account the average vacancy rate, that’s 8000 a year. I’ll raise it to about 9000 which will definitely clinch the deal at the fastest speed. What do you think of this price, okay or not?"
Rental securitization is a financial play similar to subleasing, where after homeowners sign the agency agreement, they don’t have to do anything but just wait to receive money every year.
However, some homeowners, not minding the hassle, prefer to manage on their own and scrape together a little more change.
So, to quickly get all homeowners on board, it’s still best to offer a bit of a premium.
Zuo Zongcai silently calculated the costs: for 30 floors, annual rent would be between 38 and 40 million. After considering management fees, it was already impossible to turn a profit.
But he hadn’t intended to make money in the first place; he just wanted to quickly rid himself of the persistent thorn in his side, Su Huai.
Half-price rent to the little scamps, a yearly loss of 20 million, only a billion in five years, still manageable, within the realm of acceptance. 𝓃ℴ𝓋𝓹𝓊𝓫.𝒸𝓸𝓂
The previous initial investments had already suffered a blood loss of 30 million, and another billion wouldn’t make much of a difference... It’s nothing, damn it, his heart ached!
Mr. Zuo, with a heavy heart, hung up the phone and gruffly said, "30 floors, 20 million a year, sign a five-year contract but with annual payments and no deposit. You can afford that, right?"
Gou Huai was so happy he could nearly lose his teeth.
There was no way the overall cost could get any lower than setting up a livestreaming base in the suburbs, plus they’d enjoy the convenience of the city and the overall comfort. How could he not be satisfied?
"Uncle Zuo, thank you so much for your effort!"
Su Huai’s voice was so moved, the word "Uncle" was uttered with such true affection, who wouldn’t be confounded by it?
Zuo Zongcai certainly wasn’t confounded; he had seen through Su Huai.
"Stop, stop, stop! Don’t play that game with me. Just take good care of Yueyue, and it won’t be in vain that I’ve exerted so much effort..."
Old Zuo felt he had done enough. Little ancestor, you should be satisfied now, right?
However... not quite.
Gu Jiuyue frowned, and with her how-can-you-not-love-this-face and cherry-red lips, she complained, "20 million, that’s a lot? Susu will have to work so hard. Uncle Zuo, please haggle with them some more, will you please?"
Zuo Zongcai clutched his chest abruptly, as though a heart attack he’d never suffered from was about to recur.
Gu Tongshu! The fine daughter you’ve raised!
Just like her mother, totally love-struck!
But why must it always be me who gets hurt?
Struggling to catch his breath, he suddenly decided to break the jar and let it smash.
Now that it had come to this, he absolutely couldn’t suffer and be in pain all alone!
So, he turned to Gu Jiuyue with a gracious smile, "Jiuyue, don’t rush, it’s not that I don’t want to pay it all, but I must consider Mr. Gu’s feelings. Without him speaking up, for me to take on half is already quite presumptuous, understand?"
Gu Jiuyue was a reasonable child; she thought for a moment and then seemingly understood, nodding.
"Oh! So, should I ask him for the other half?"
Zuo Zongcai was overjoyed, "Exactly! Otherwise, it would appear as if I’m making deals with Su behind his back, which is morally indefensible."
There’s no morality involved, you just don’t fancy drowning alone.
Su Huai slapped his forehead, feeling that things were getting out of hand again...
But really, 20 million a year wasn’t a small sum. If Old Gu was willing to pay, what was there to complain about?
And if he was unwilling... Sorry, you have no right to say no.
Gou Huai pondered over and over and felt it was best to accommodate Gu’s enthusiasm and let her get involved.
It wasn’t living off a woman; it was cherishing her.
Boundless love, right? Old Gu, unlike the average parent, would surely understand!
***************
Yesterday I blazed through challenges, fought the BOSS too intensely, and my biological clock got completely wrecked.
Which BOSS?
Of course, Yang Jian and the Pagoda-bearing Heavenly King!
It couldn’t possibly still be the little tiger, could it? Ha-ha, ha-ha-ha...
