People generally view landlords as making easy money without providing value. I like easy money, so I started planning on buying a house and I read a bunch of landlord forums.
And after seeing what landlords were saying... then I wasn't so sure. It almost seemed not worth it.
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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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But they do? I have paid my landlords for the service they provide, which is allowing me to live in a property that's not mine, that I take limited responsibility for.
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Probably those landlords making easy money won't be complaining in a forum.
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I read lots of forums for lots of types of people, and idk why successful landlords would have proportionally less online representation than other groups. e.g., you still see successful sex workers talking in online forms.
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Can you explain the concept of landlord? How does it work? Where I live (Sweden), most houses are owned by companies (some owned by the municipality) that are responsible for collecting rent and servicing the buildings. Is that the same as a landlord or must it be an individual?
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Yeah, landlords here are usually people who own the property and do maintenance and select tenants and do evictions. That sounds pretty similar to your thing?
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Civilization tends to equilibria of no free energy for new entrants. You should have been more skeptical about the idea that becoming a landlord generates excess returns on time+money. There are people making excess returns, but they bought houses before the boom.
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I should have been, yeah. Most of this idea came from the ambient impression of everybody on reddit (and some of the weird fb groups i'm in) viewing it as easy passive income.
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