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I recently learned that my dad used to be a landlord. Problem was, he has a sense of morals, ethics, and empathy. Tennants would be unable to pay rent for one reason or another, but he wouldn't evict them because he understood that sometimes shits hard. Eventually, he had to sell all his properties to a less scrupulous landlord.
I feel conflicted with the knowledge that I could have had a better childhood if my dad was a worse person.
He could have been the type of parent to charge their children rent once they turn 16.
Why 16? why not 14 or 18 if you are that kind of a dick. Like I understand that some people ask their childeren to pay rent once they get a fulltime job. Heck I have heard of parents who didn't need to money from their kids so they put it in a savings account in the kdis name and gave it to them when they needed to buy a house). I also know somebody who was 10k short of buying an appartement, he had to pay rent to help his parents stay afloat.
We do that, all the money goes into an account for him though and he's aware of it. When he moves out it's his again.
my father is an engineer, government contractor, and Zionist. I wonder sometimes if the Palestinians are paying for my nursing degree right now.
My landlord is the only homeowner that I can safely look down upon and tell to "get a job".
Remember to tip your landlord (down a staircase)
Every time I see these posts: The happiest countries in the world are consistently: The Nordic countries are often considered happy due to high levels of social trust, strong welfare systems, and low income inequality, which contribute to a sense of security and well-being among their citizens. Additionally, their effective governance and access to quality public services play a significant role in enhancing overall life satisfaction. These governments are working for the people, not oligarchs.
Also, they have excellent music.
Apart from Denmark. I know only one band from there.
Killer pastry though.
My mother was deserted by our father in the 60s. She had 4 children. She found a rental house. Our landlords became like family. She struggled, but always paid the rent, and our house was always well looked after. As an adult, I suspect the couple that owned the property never raised the rent. I don’t know that for sure as I didn’t have the opportunity to ask my Mom before she died. I will say that all 4 children were educated and are leading productive lives. Thank you to the kindness and humanity of that couple that were our landlords ❤️. You made such a difference in my Mother’s, and her 4 children’s lives.
One landlord: “How will I pay my bills?”
Their multitude of tenants and their families: “How will WE pay our bills?!”
Landlord: "(dead serious) That's not my problem!"
Always remember that "the market" is just a signal to the landlord that they could get more if the property were on the market today. It's still their choice to squeeze you to take advantage of that. "It's the market" is code for "because I can".
Also they know that people don't want to move every year or two, so they can absolutely raise the rent above market level without you wanting to leave yet. This has the effect of pushing the market higher. The switching cost is very high, so it's in their favour that way too.
A landlord I knew about through a friend said they never raised the rent as long as their property is being paid off, because they would rather have it occupied and being paid than the tenants leave and the place sit empty.
Not to say that's a good landlord by any means, but there is a choice. The market isn't a mandate.
they would rather have it occupied and being paid than the tenants leave and the place sit empty.|
Small-time landlords (maybe what's going on here) are also more sensitive to disruptions in cash-flow. That is, a tenant that can't pay rent or is just tearing up the place. So it's more desirable to retain a tenant that can keep paying, even if they're not worth top-dollar to you.
I also just threw up in my mouth a bit while typing that out.
Once you get up to corporate scale however, I'm guessing that you just have a certain percentage of bad tenants no matter what you do. So part of your overhead is processing evictions and refurbishing units for new renters. As a result, it is less risky to squeeze everyone a little harder.
Sure but they still don't have to raise the rent at every opportunity, that's still a choice.
Also though the largest landlords are in a position to create artificial scarcity by buying up properties just to keep them empty, so people don't have other options.
LMFAO this is so real lol, landlords have their own circlejerk claiming that market prices increased lmfao
(also if someone could help me out, when I upvote a post on Lemmy, it doesn't show my upvote or downvote or anything even after trying and reloading several times. I'm writing that on this post because it's happening on this one as well)
No idea, we see your post so I'd assume the API is working for you in general. Check your VPN, do a test downvote on an old post in an obscure place and wait 24h to see if it's just a delay, or else submit a ticket. Feel free to downvote this and comment back and I can tell you if I see it 🙂
Yes it seems to be working fine now, thank you for the comment!
Is landlord a "job" where you live?
I think every single person I know who owns a house/flat and rents to someone has of course a regular job where he works at. Wouldn't be financially viable in any form otherwise (and it shouldn't be).
Depends a lot honestly - in my experience, there's two types of landlords.
The person that inherited/bought an apartment, but doesn't want/can't live in it right now (because it's really remote, for example). They often buy these as "retirement homes", so something they can live in when they no longer work. While they don't live in it, they rent it to other people. The reason for that often is because their job requires physical presence and renting an apartment near their job is just cheaper if you factor in rent from the bought property.
Large corporations that buy up houses left and right, make a few minor changes that classify as "modernizations" and then jacking up the rent by 33%. Those can go fuck themselves.
This omnious "landlord" that owns like 10 properties and only lives off of the rent is rare. I know a single person that does that, he inherited a company from his dad, sold it like 30 minutes after he became owner, built 3 houses with 4 apartments each and is now chillin. And I don't even feel like that's a "bad" thing, because he has literally built those houses - they would not even exist without him.
You just don't know those people. Also they don't all brag about it. I just learned my BIL ownes 5 rentals now and is looking at more. He also has a good day job, but he wants to transition into pandlordong full time. I know many many people like this in So cal as a construction worker.
Yes, you learned that one person has 5 rentals - that's one more person. That's why I said these people exist, but in small numbers.
A vast majority of apartments is controlled by large corpos.
Where I live the majority of apartment rentals are owned by large corporations whose sole job is property management, including "renovicting" low income people and letting older buildings go to waste while hiking rent prices. These people are scumbags.
Previously I lived in one building that was actually just owned by one person who had purchased several buildings, and while he hadn't built the apartments, at least he was also the sole caretaker so he was putting in the work.
That is also my experience and I can see from your username that you're from a german speaking country as well.
I am wondering if this is somehow very different in, for example, the US.
There are some people who own a bunch of properties and their job is maintaining them and dealing with the paperwork. And then there are some people who passively collect income and have a management company do that with no real connection to the place...
They are basically investors in the housing market when their money makes its own money without their direct involvement.
"How will I pay my bills"
(Democratic) Socialism, UBI, and fair wages.
it's insane how deep propaganda has drilled into the heads of people where you have to specify the socialism is democratic
There are many kinds of socialism, democratic socialism being one of them
To be fair, there are a lot of tankies advocating for the non-democratic type.
A while ago my wife and I were debating on renting our home out and buying a different one. Just to break even on the house expenses it wasn't worth it.
Maybe I am wrong, but I don't understand how landlords make a lot of money unless they don't fix the house ever.
Mine doesn't fix the house ever. And if she does, it's always with the cheapest bidder.
There's a couple of ways to make bank. First is to start out rich enough to skip the loan and buy for cash. This is what companies like Blackrock do.
Another is to look out for things like tax auctions to get a big discount. Also you could be friends with a lender and get sweetheart rates on the mortgages.
Also, needless to say, it helps to never do any maintenance and to choose tenants that are unlikely to be able to fight back against you.
I think the idea is that even if you only break even after mortgage and expenses, you gain equity in the house and eventually own the house which you then have at your disposal. You can continue to rent it out without the expense of the mortgage, or sell it and cash in.
The landlord I know that makes a shit ton of money inherited the homes from their parents.