Landlords were talking about the stress, some had super narrow profit margins, others had nightmare tenants that were damaging the property and incurring legal costs. I don't know (and now the whole house buying plan is on pause anyway) if I want to be a landlord.
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Any good examples?
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It's easy money if you're not interested in being a particularly good landlord, and we all have stories about bad landlords.
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I have a bad landlord, and I think he'd make more money if he was a good landlord. He's been sued by tenants in our building a number of times, and lost. It's also a lot easier to be a good landlord if you have good tenants.
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Returns don't seem especially good compared to stocks. Arguments against landlords are arguments against capital in general (and the people who make them are fine with this)
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Looks like we just saw the same tweet :^)
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*Land* lords get the easy money. There's nothing particularly easy about building management. Unless, of course, zoning has so prevented new construction that you can collect economic rents there, too...
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I was planning on renting out my old house. I had to deal with it for one year and I was like, Nah, I am good. Its too much liability unless you put it into a trust.
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If you get the wrong tenants it can be a disaster.
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