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Your mistake is in framing landlord as a job.
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maintaining a property
Your mistake is in framing "owning a property" as "maintaining a property".
I sure as hell can’t keep up with my own home, let alone another.
This is exactly the problem. Many people will rent out their building, and not be up to the task to keep it habitable.
Yea, that's a problem. That's not the problem most people are talking about these days.
I worked in a grocery store, a bar, a coffee shop, a restaurant and a big retail store, so yeah — I've "maintained" a property before.
Also, I have called maintenance many times in my life, ive literally never met a landlord. In fact the only time I ever interacted with a landlord was when I was hospitalized and lost my job, and was late paying my November rent because I was unconscious and my landlord text me that I had ruined his family's Christmas 👍
I worked in a grocery store, a bar, a coffee shop, a restaurant and a big retail store, so yeah — I’ve “maintained” a property before.
In what position? Did you fix the refrigerator when it broke down? Or did you call a repair company? Did you choose the repair company, or call a pre-approved company? How many quotes did you get before hiring the repair men? Was it prepay, or post pay billing or what? Did you handle licensing and permits and annual inspections? Did you fix the plumbing when it broke? Did you manage the building leases and speak with the property owners? Did you create a budget for repairing? What kind of depreciation schedule did you use? What did you do when the pipes froze?
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If I had someone paying off my mortgage and extra I would definitely have the time and money to maintain my house.
You'll be downvoted but you're correct. Being a (good) small time landlord for affordable housing is a full time job as well as basically being on call 24/7. Unfortunately when a corporation does it, it has the power to bleed everyone dry.
good
landlord
Pick one
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Betty and Bob are in an unfortunate situation, but they're taking a thing of value and charging money to cover all costs, and make a profit. The tenant is therefore paying the mortgage and all repair costs, and then even more to support what amounts to a leech.
It might be a good arrangement for Betty and Bob, but it makes living somewhere more expensive.
Which is the general point. I can be sympathetic to Betty and Bob, but landlords buying houses leaves less houses for everyone else for a 'job' that doesn't add any real value to society. It just props up someone with the economic means to buy multiple houses and make them a living while hanging the rest of us out to dry.
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I'd say there's a difference between renting out a portion of a house the landlord also lives in and purchasing whole other homes and renting them out.
Besides, no matter how nice the multi-home-owning landlord is, the reality is they don't purchase homes and rent them out without making a profit on all expected costs, maintenance included. The better deal for the renter renting a whole home would be to own the home and maintain it, because then they're saving the profit the landlord charges.
A nice polite leech is still a leech.
Sure, everything you purchase in a capitalistic society has profit added to it, but normally there's also added value. You pay more in the brick and mortar store vs buying online because the added value is getting the item immediately. You pay more for the car part at the mechanics shop vs doing it yourself because having a professional install it adds value.
What value does Jim-bob owning 5 homes and renting them out to make a living add to the tenants?
What value does Jim-bob owning 5 homes and renting them out to make a living add to the tenants?
A place to live without having to handle maintenance/upkeep themselves, to be approved for a mortgage, save up for a downpayment, or to have to sell (and navigate all the mess of that process) when they need to move.
Admittedly, some of the above rely on you having a landlord that isn't shit.
I know a few people who could afford to buy a rather nice home, who instead seek out short term lease rentals to live in, so they can travel more and not need to be tied down to a specific place.
Edit: Also, the maintenance costs passed to the renter are dispersed across time as well, so they aren't having to foot the full cost of say, a new fridge suddenly. In multi-tenant situations, the costs are dispersed across all tenants, so a person needing a laundry machine replaced is somewhat subsidized by everyone else paying in who doesn't, kind of like insurance.
A place to live without having to handle maintenance/upkeep themselves, to be approved for a mortgage, save up for a downpayment, or to have to sell (and navigate all the mess of that process) when they need to move.
And you end up paying for all of those anyway, plus extra. Minus the equity increase as the house appreciates in value over time. The only party it makes long term financial sense for is the Landlord.
the maintenance costs passed to the renter are dispersed across time as well, so they aren’t having to foot the full cost of say, a new fridge suddenly.
But the landlord charges enough above the mortgage payments to cover that cost, on top of the extra added for profit. The renter could save that extra money, cover the sudden cost of a fridge or washing machine, and have money left over vs renting.
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You’ve licked so many boots its poisoned your brain
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wait, isn't THAT an absolute? 🤨
Well my landlord is some foreign company, they pay a local maintenance company which manages the apartment. Of course the costs come back to me as the renter. Now the landlord gets free money just because they had enough cash to buy the apartment in the first place. And when they are done printing money, they'll just sell the apartment for more than they bought it before.
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The landlord doesn't do all repairs themselves, they pay someone to do repairs. Most regular maintenance of the property is the responsibility of the tenant. That's why people treat investment properties as passive income, because effectively they are.
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Really wonder why its a multi billion dollar industry just operating off the kindness of landlords, you think they would have pulled out by now with their massive intelligence.
It's a "job" they themselves created for themselves. That our something they have to do because they own the property, and if they didn't own it they wouldn't have to do it. And chances are they won't even do anything, they'll just hire someone else to fix it.
You don't get paid to fix your own property, why should they get paid to fix their property?
That's the job of the handy man. If the landlord is too cheap to hire enough staff for his company, then he has multiple jobs.
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What poor service. Definitely not going to tip him at the end of the month, that's for sure.
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Do have any idea how massive the gap is between us and the true ruling class is? They aren't landlords, they own the investment group that owns the holding company that employ the landlords.
So yeah, very intelligent to use your energy to attack people who are at worst, their incredibly disposable footsoldiers.
Also, I hate to break it to you, but if you want the split to be black and white like this yet you have the time, energy, and opportunity to complain about this sort of shit online... you probably aren't one of the proletariat. You're petit bourgeois.
"We" are not polarizing ourselves. We are just describing a polarization that already exists to opress us. Be it ACAB, ALAB, whatever you find, the thing is, it just is.
It's okay, you see, I'm not originating this line of thinking, I'm just perpetuating it.
also
We are just describing a polarization that already exists to opress us
What do you think the word "polarization" means? Because it sure as hell doesn't mean "inequality"
Yeah, I feel like the right has such a black-and-white/zero nuance view of things. So then the left goes and does the same thing!
My sense is that these A*AB movements are really trying to say, "the institution of X is fundamentally flawed," and that's something I agree with definitely. But it's worded provocatively, which is just...assinine. Like, the little old lady who would be priced out of her home if not for renting out a room to a college kid, below market value? Yeah total bastard...
How do you like, APAB? All pedants are bastards.
Exactly. My mom was sick a few years ago so I went back to my hometown for an extended visit. I certainly won't bunk with her and her new husband, and conveniently, people don't include hotels in their polarized war against landlords.
The best option for me was to just rent a room at a boarding house, which was both cost effective and close to my mother's place.
The issue is not landlords themselves, it is the capitalism, the unrestrained corporate greed and the lack of very steep taxes for the owners of multiple homes.
It’s a good thing you didn’t bunk with her because that would have made her a bastard
funny how you gave two examples of visiting places to say landlords aren't the parasites that they are, rather than the need to have a permanent shelter.
what's sad about this mindless "ALAB" blathering is that it actively detracts from ACAB. ACAB isn't just about "bad cops", it's about the entire police institution designed to support bad cops and cover up wrong doing.
There is no "landlord institution". Individual property owners are not related in any way. Separate agencies aren't related. Bad landlords don't force good landlords out of the market.
There's private equity firms which are evil, foreign investors who are evil, and so on, if you're looking for some big boys to wave your torches and pitchforks at. There's issues with capitalism.
Renting is fantastic. You want to build a house or buy a house, or renovate your house, but it takes a few months? You move to a new area, temporary job relocation for a project? You rent. From someone who owns a house. Called a landlord. They are providing the service of making this available for you in an area you want.
Now, yes, local and state governments should be building more properties to rent cheaply, and you know what that's called? Competition in the marketplace, which is what is needed.
"ALAB" is a bullshit concept. Until Landlord B walks over to Landlord A and starts forcing them to raise their rents, it's not an institutional problem.
I will say: most property agents are evil, lazy and stupid. Relators for rentals. They usually get paid a percentage of the rent, so they have a direct interest in raising rents. Landlords (the owners) are just people. Most never had the training to run rental properties which is why they listen to the supposed 'expertise' of the stupid, lazy, evil agents.
Here's a classic news clip from the 90s, where a guy says what we all agree on: https://www.youtube.com/watch?v=3Lyex2tSUyA
(just a little misunderstanding which all works itself out)
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How lovely, you graced us with a selfie. I just knew you looked like that.
oh no we're polarizing ourselves... yeah if someone murdered my friend I would get so absolutist and polarize people into my friend vs the guy who murdered my friend. when am I going to learn‽
I'm autistic and flub things up like that sometimes. I tell people that I have a photogenic memory. They'll often ask, "Don't you mean a photographic memory?" to which I reply "No, a photogenic memory. Yeah, I have a beautiful mind."
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this post was submitted on 21 Jun 2024
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