this post was submitted on 22 Apr 2024
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A Boring Dystopia
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What do families do, that only want or need to live in a place or area for like a year or so? Buy a house, pay thousands in closing costs and inspections, lose several thousand to realtors, and then have to go through the trouble of trying to sell the place a year later?
We very much need landlords. What's screwing everything up is corpos doing it as a business or individuals with like 20 homes instead of one or two. Renting a house is a viable need for some people and it would actually suck if it was an option that didn't exist at all.
Some of the biggest law breakers and abusive landlords are independent landlords. They're also the ones who don't seem to realize that being a landlord is a full time job where you are the handy man, maintenance, property manager, etc. It's not just collecting a cheque every month, you actually have to earn it.
But OP just said it's not a job in the meme. Which is it?
Yeah managing and up keeping properties. Dealing with taxes, zoning, and potentially HOA. Mitigating liabilities and complaints. Landlord is absolutely a job.
I've known a couple people who have inherited property that already had tenants and were excited for the extra income. I think both of them sold the property within 3 years because it was a nightmare to manage.