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submitted 11 months ago by Grayox@lemmy.ml to c/memes@lemmy.ml
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[-] sharkaccident@lemmy.world -4 points 11 months ago

Everyone paints landlords as money grubbing evil people. I own a couple rental houses and set prices so that my return is 7% annually. While that may paint me as the description above realize this; that price was set when I set a tenant and only increases with inflation. The majority of my units are 25% below market rates because once I have a good tenant I don't see a reason to make more work for me. 7% return and I never hear from them is worth it in my mind.

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this post was submitted on 23 Dec 2023
1063 points (91.8% liked)

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