Landlords actually do a lot of work. Maintenance and dealing with tenants can easily become a full time job if you have multiple properties. A lot of people buy rentals thinking it’s “passive income” and then end up working twice as hard as before.
They’re supposed to do all those things but most don’t.
I’m a condo super and the owners who own and rent multiple units are the worst. Their tenants are always calling me about every issue, and I have to remind them that I deal with the common areas, not the interior of their unit unless there’s a flood.
Those landlords tend to own multiple units and just assume I will deal with their issues, but I won’t. When you own, you’re the super, manager, admin, etc. But most landlords I’ve encountered just wanna collect the check
Eh, I wouldn’t say the housing market on the whole is fickle in the same way as as the stock market. But for things like property damage, the risk is definitely on you
Oh wow boo hoo, they have so much risk 😔 they have an entire house that they can sell at any time, who someone else is paying the mortgage of. Oh, the horror! If the market should crash they’ll lose the equity another person paid!
Really the landlords are the victims here, not the tenants paying their mortgage for them plus a little extra for profits. Clearly the tenants have committed the crime of not having good enough credit for a loan, or the crime of not having enough for a down payment, so they aren’t worthy of owning property.
No no it’s the landlord who has the real problems, because they could ein a shaky financial situation of “selling the second house iown” if the market dips!
It’s genuinely not easy, both my parents have owned rental properties at some point in their lives, as a retirement investment. I’d never consider a rental property as an investment myself as a result of what I’ve seen tenants do to a property.
Yeah, these memes are made by kids who have never actually worked at all, much less at upkeep on a property they don’t live at. They probably whine about taking out the trash every week and beg their mom for new games while thinking they’re independent somehow.
Landlords actually do a lot of work. Maintenance and dealing with tenants can easily become a full time job if you have multiple properties. A lot of people buy rentals thinking it’s “passive income” and then end up working twice as hard as before.
They’re supposed to do all those things but most don’t. I’m a condo super and the owners who own and rent multiple units are the worst. Their tenants are always calling me about every issue, and I have to remind them that I deal with the common areas, not the interior of their unit unless there’s a flood. Those landlords tend to own multiple units and just assume I will deal with their issues, but I won’t. When you own, you’re the super, manager, admin, etc. But most landlords I’ve encountered just wanna collect the check
They also assume all the risk of the property too. Tenants can leave as they please but landlords are stuck with the property if the market turns.
Eh, I wouldn’t say the housing market on the whole is fickle in the same way as as the stock market. But for things like property damage, the risk is definitely on you
No one forced them to be a landlord. Tenants have very little choice. Why is there even a comparison here?
Sounds like a good problem to have
Which hasn’t, ever.
So the 2008 economic crisis never happened? Where I live (Europe) houses are actually going down in value right now too.
Oh wow boo hoo, they have so much risk 😔 they have an entire house that they can sell at any time, who someone else is paying the mortgage of. Oh, the horror! If the market should crash they’ll lose the equity another person paid!
Really the landlords are the victims here, not the tenants paying their mortgage for them plus a little extra for profits. Clearly the tenants have committed the crime of not having good enough credit for a loan, or the crime of not having enough for a down payment, so they aren’t worthy of owning property.
No no it’s the landlord who has the real problems, because they could ein a shaky financial situation of “selling the second house iown” if the market dips!
It’s genuinely not easy, both my parents have owned rental properties at some point in their lives, as a retirement investment. I’d never consider a rental property as an investment myself as a result of what I’ve seen tenants do to a property.
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Sir this is a reddit clone please join the landlord hate circlejerk or GET OUT OF HERE
Yeah, these memes are made by kids who have never actually worked at all, much less at upkeep on a property they don’t live at. They probably whine about taking out the trash every week and beg their mom for new games while thinking they’re independent somehow.
Apparently you think Adam Smith is an immature child.
Who?
It’s not my job to educate you.
You expect too much of me to succeed where others have clearly already failed.
The best part of lemmy is that douchebags like you out yourself so freely, it makes quick blocking so much more efficient.