"McGoogan works in a food processing factory and rents out a single room in a boarding house in the neighborhood, along with eight other people. They each pay $400 a month, not a bad rent for a run-down shack, but when they talked to their landlord about the coming storm he told them they had to look after themselves." (The Guardian.)
In financial terms, is the rent in question not bad for the renters or for their landlord?
From the context, and especially the words "for a run-down shack" and "but", it seems to be not bad for the landlord.
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From the context, and especially the words "for a run-down shack" and "but", it seems to be not bad for the landlord.