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[-] jaschen@lemm.ee 49 points 6 months ago

I am a landlord and also have a full time job. I also spend my time fixing my units.

With the maintenance cost and taxes, I'm actually losing money or breaking even depending on the year.

My tenants are living in a house that they wouldn't be able to afford on their own in today's market. Being able to live near their work.

So why am I the bad guy?

[-] UnderpantsWeevil@lemmy.world 64 points 6 months ago

With the maintenance cost and taxes, I’m actually losing money or breaking even depending on the year.

My tenants are living in a house that they wouldn’t be able to afford on their own in today’s market.

Literally the hottest real estate market in history, after we just came out of the lowest interest rate market in history, and my man up here still can't even break even on a residence he is renting out to someone else out of the pure kindness of heart.

Maybe you are the rare, golden One Good Landlord, or maybe you're just some asshole on the internet posting utter bullshit. Who can say?

But I've never met any landlord like you IRL. Hell, I've never actually met a landlord who owned the property I rented. They always went through property management companies that do all the work for the owner and just forwarded on a chunk of my rental payment at the end of every month.

[-] cooopsspace@infosec.pub 1 points 6 months ago

I mean he still owns the fucking property after his tenants have paid it off.

Idgaf if he is doing this out of the kindness of his heart, still a land bastard.

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this post was submitted on 22 Apr 2024
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