NGL if you are paying 2/3 of your income to rent you need to move to another part of the world.
this post was submitted on 27 Jul 2025
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When I married my wife and she moved in we tried renting out her house with a property management company. She got one tenant and had that tenant for over 2 years with no complaints and we never raised the rent, just enough to cover taxes going up too.
But when we wanted to move to a larger house we gave her an 8 month notice we couldn't renew since the market is so bad and we needed to sell. And my wife wasn't profiting at all, she was still in the red from the repairs and setting up the house to rent out. We offered her like $10k off the price.
Anyway long story short, the tenant gave us hell for those 8 months, and when she moved out we found she never complained about anything because she ignored all the problems which made things worse and the house needed thousands of more dollars to prepare and sell.
She'll never try being a landlord again, she hated it and the tenant shit talked her "landlord" on Facebook all the time like she was some evil monster.
I don't know how anyone else does the landlord thing, this must be all the ones run by evil corporations.
This was a house my wife bought for like $150-180k originally.
Tough shit. Must be so inconvenient for you to not keep up on repairs to your own building. That's on you.
Standard rent is at least 1-1.5% of current not original value per month and taxes are about that per year.
you probably bought for 150 you earned 100,000 when it ballooned up to 250k rented it for at least 2500 a month x24 months or 60,000 paid 6000 each to taxes and management pocketed another 48,000
When you sold realizing that cool 100k you naturally had to do all the repairs and upkeep you had been putting off so you ended up coming out of pocket for "thousands"
In the end you netted 140k for doing 10 hours work once whereas the median worker earns 200-250
You probably charged here so much to ensure you made the "market rate" eg people like you that she had no funds saved to actually move and you probably nickel and dimed her deposit away for stuff that was actually on you.
Where am I wrong?
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(3 replies)
No sympathy for landlords.
No sympathy lmao, you dont get to cry
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(10 replies)
Hey, those buildings and apartments aren’t gonna rent themselves! /s