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To everyone who hates the concepts of landlords and rent, what counts as being a landlord? (sopuli.xyz)

submitted 8 months ago by [email protected] to c/[email protected]

266 comments fedilink hide all child comments

Does having an AirBNB setup make someone deserving of the guillotine or does that only apply to owners of multiple houses? What about apartments?

Please explain your reasoning as well.

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[–] [email protected] 0 points 8 months ago* (last edited 8 months ago) (1 children)

but charging $1300 rent on a property with a $1000/mo mortgage isn't unreasonable.

No it's just stupid. With those $300 dollars difference a landlord would need to cover insurance, property taxes, regular maintenance like replacing roof every 30 years, unplanned maintenance like a pipe bursts or aircon breaks. On top of that someone needs to act as the property manager/handyman so either the landlord takes that phone call on a Friday evening for the pipe that is gushing, or is paying someone to do that.

Tenant moves somewhere else and the place is empty for a couple of weeks, no income.

Oh and when you are done with all the above, depending on the country, those $300 count as income and get taxed (rightly so) so it's not really $300.

BTW I don't like landlords, I am not one. I rented most of my life until recently as a choice, been able to move to a new city or country at the drop of a hat. Haven't had to do maintenance and I'm only learning that now. Of course I paid for someone else doing all those things, and taking all the risks for me.

But lemmy users seem to have a thing for over simplifying things and decide what is and isn't excessive based on somethig that comes out of their ass. $300 dollars in this case.

[–] [email protected] 3 points 8 months ago

With those $300 dollars difference a landlord would need to cover insurance, property taxes,

These are included in mortgage payments. They go into an escrow account and are paid by the mortgage lender.

regular maintenance like replacing roof every 30 years, unplanned maintenance like a pipe bursts or aircon breaks. On top of that someone needs to act as the property manager/handyman so either the landlord takes that phone call on a Friday evening for the pipe that is gushing, or is paying someone to do that.

Yes, that is part of owning property. Rent shouldn't necessarily cover the mortgage plus all costs associated with owning the property. The property owner might be taking a loss during the period when they have a mortgage, but they have a property that's probably worth hundreds of thousands of dollars or more, so they're coming out considerably ahead. When you get people who feel they're entitled to have all costs + the mortgage covered + be able to live on the profits in addition, that's when you get shitty serial landlords who don't ever meet or talk to their tenants.