Happy Fake Labor Day to the Americans, because their government wants to hide real labor day from their citizens so they don't have to educate them about the Haymarket Affair.
Labor Day being in September is absolutely about erasing labor history. If more people knew labor history, more people would understand why All Cops Are Bastards.
May day! May day! We've got socialism over here!
May day!
I see what you did there.
One thing I’ve learned on reddit is that you never tell people on platforms like that or even this one that you’re a landlord. You could be the best landlord, never raise a reasonable rent, keep a well and promptly maintained property, and LanDlOrDs aRe The ScUm of ThE Earth!!1! is all you hear.
The very idea of being a landlord is pretty evil though? Like in a housing shortage you're hoarding property and profiting off it.
So while I generally agree with your sentiment, there are some obvious ways that sometime could be an ethical landlord.
What if you have a house that's too big, so you convert a floor into an apartment? You're adding to the number of housing units available. Should you be forced to sell a portion of your house/building to whoever wants to live there? Or should you be able to rent it out to someone at a reasonable rate? Do we want rules that discourage people from potentially adding units to the market?
I feel like the "all landlords are evil" narrative is way too simplistic, and that simplistic view turns off people who would otherwise support reasonable limits on landlords and housing ownership. Like, it's obvious that we need limits and taxes on people who own multiple properties, and it's obvious that there are companies that exploit renters and drive up prices, but it's all more complicated than just "landlords evil lol".
Your assuming everyone wants to own property over renting.
House and property ownership has a lot of responsibility and expenses involved. Your water heater breaks well there is $1000+ your roof needs replacing there is 30K. All of that goes away when you rent as it isn't your responsibility.
If you own property it can be harder and more risky to relocate. I know a few people that bought in 2007 and then were stuck as they couldn't afford to move because they were upsidedown on their house.
Not saying renting is all sunshine and roses. I personally would rather own then rent but home ownership isn't for everyone.
But I do think it is a major problem when you have a few companies buying up all property so no one else can afford it. But I don't think being a Landlord is inherently evil.
I've had shitty landlords and good ones. My current one hasn't changed the rent price in 4 years, comes out same day or next day to deal with issues... to be honest I wish I could copy and paste my current landlord to my next place too 😭
One of my old landlords tried to charge me for damage I didn't cause... but guess who recorded every nook and cranny in 4K after accepting the keys, and used that footage to dispute and get my full deposit back 🤪🤪
My last landlord didn't raise my rent for seven years. I was thankful until I moved out and he still hasn't been able to re-rent the place after two years despite dropping the rent by $100. He just didn't want to risk losing his prize schmuck lol.
What I most hate is landlords who put an automatic 5% (or whatever) increase into an auto-renewing lease. It's bullshit because their mortgage generally isn't increasing like that.
Small-scale landlords also usually have full time jobs and use rent to supplement their income. Not every landlord is just rolling in cash.
I work at a credit union where we deal with a lot of smaller investors and many of them have properties where they aren't breaking even on a cash flow basis. But they are using the losses to lower their taxable income while building equity elsewhere. They are (from tenants I've heard from) good landlords. Lately we've been dealing with a lot of realtors that are buying up properties and that just doesn't sit well with me so I'm looking to change careers and get more into C&I and CRE rather than SFR investments. Being able to cash out 7.25 weeks of accrued vacation time I haven't been able to take too is a big plus.
Probably because most users are americans and there renters barely have any protections.
I am my hamsters land lord. Ask me anything
Do you have any rooms open right now?
How does it feel being a monster
I know landlords that work way fucking harder than I do, and I have a "real job". I get that a lot of landlords are assholes but in the end this is the system and some are playing the game as fairly as they can (being reasonable, very rarely raising rent, attending to maintenance themselves and in a timely manner) while others are cheating (not maintaining the property, raising rent, forcing tenants to sign burdensome leases, etc). Stop lumping them together.
All the landlords I know have more than 1 job. My boss is the landlord of 7 rental properties. He also owns a local breakfast diner and his ass is there every Sunday on that grill flipping eggs and bacon with his employees. He also owns a private security business. If one of the guards calls out sick. Its him that covers their shift. And he pays himself for those hours at the same wage he pays the employee hes covering.
My uncle. Owns 2 rental properties. He also runs an electronics recycling business where he loads and hauls E-Waste and he does that and all the manual labor of it by himself.
My old landlord. Young guy about 30. Boughtkmy building from the previous slumlord owner during the pandemic. Dropped 25k putting brand new stairs and decks on the building for safety. During a time where the average going rate on the market for a 1 bedroom apartment was 1100$ he chose to leave all of our rents at 700$ a month because he didn't feel right about screwing people.
I am not a landlord. I have no desire to be a landlord. But not every landlord is a lazy sack of shit.
A lot of people like to think the world is either black or white with no in-between. As someone who works in construction and renovates houses a lot I can confirm that there are definitely good land lords as well as bad ones. My gf rented an appartment from old people before I met her and she paid almost nothing (400 euros all-inn), you can't even get social housing for that here. And the state of maintenance was excellent. Also in the more rural areas here the private rent sector seems to be run by mostly decen people.
Then sometimes we have to renovate ex-student housing and a lot of times those buildings are absolute dumps (to the point where you can barely call them habitable) with insane prices. Especially in the large cities I see some really bad practise. Thankfully a lot of those malicious kind of landlords are put on trial (hence why we start renovating after they sold the property).
Disclaimer: I don't live in the US and tenants have a lot of rights here to the point where landlords are forced to provide a certain standard of living. Unfortunately (foreign) students seem to not know this, this is the reason you mostly see malpractice with students here.
The good news here is that a lot of people don't even know they're landlords or are from another country. It's not the rinky dink landlords we have to worry about, it's the corporation landlords that are ruining everything.
My slumlord individual landlord was much worse than the corporate landlord I have right now. Mileage varies significantly between corporations that run rental companies. I've also had rental agencies that were shit.
It's not how they treat you but I'm glad you have a good one, it's how they're ruining the real estate market for people to purchase new homes. They buy all of the single family and rental properties for airBNBs or tear them down to build luxury only condos. Also, they're not really luxury condos. Hopefully your city has anti slumlord laws as well.
Sorry, I couldn't hear your pleas from my speedboat. Oh, you were busy working because I set your schedule to work on Labor day? Obviously we're of two different classes of people. /s