Conversation

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.

400

Aella

@Aella_Girl

Mar 22, 2020

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.

203

Peasant-Elect, Pay Tree Arch

@paytreearch

Mar 22, 2020

Replying to

@Aella_Girl

I'd recommend approaching this by buying a house for yourself and renting out one or more bedrooms in it. You get part of the landlord experience but you're only committed to owning the home you live in.

Aella

@Aella_Girl

Replying to

@paytreearch

the thought of living with someone else who isn't extremely carefully selected is super unpleasant for me

7:40 PM · Mar 22, 2020

Likes

Peasant-Elect, Pay Tree Arch

@paytreearch

Mar 22, 2020

Replying to

@Aella_Girl

You can carefully select them. Since owning my home I've never had a roommate that wasn't either a friend or a friend of a friend. But the responsibilities of fixing broken things for your renters, dealing with utilities etc. still exists.