Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?
Please explain your reasoning as well.
Landlords aren’t inherently evil - it’s a useful job… a good landlord will make sure that units are well maintained and appliances are functional. A good landlord is also a property manager.
Landlords get a bad name because passive income is a bullshit lie. If you’re earning “passive income” you’re stealing someone else’s income - there’s no such thing as money for nothing, if you’re getting money and doing nothing it’s because someone else isn’t being properly paid for their work.
Another thing that pisses me off is that I’m literally paying >100% of the cost of the property over time, yet they retain full ownership. It’s an investment with essentially zero risk, if you have a tenant that isn’t a racoon.
Not sure I have a good solution for that issue, honestly, but the idea of it irks me.
My overall position boils down to: Housing should never generate profit. A landlord can take pay for the work they do, and put money aside for maintenance, but there should never be a profit made on rent.
How many landlords actually do it as a job? And how many just collect the checks and hire bottom of the barrel contractors for anything that involves work? In my experience it’s been the latter.
I think most of the older landlords were like this but their renters are very reluctant to move. The landlords that suck have high turn overs - and recently there’s been a wave of idiots buying apartments to park their money and get “free” income - so the environment is actively getting worse.
I have never had a single landlord where this isn’t the case, except in instances where they are too cheap to even hire professionals to do things that they don’t have the skill to do, and they get their dipshit son to “fix” the sink that fell clean out of the kitchen counter with a lumpy bead of clear silicone and a 1’ piece of 2x4 wedged underneath.
