THREAD: Let's talk about morality and the "job" of being a landlord. There's been a lot of talk during this COVID-19 situation about rent freezes. As a result, a lot of landlords have cried fowl since collecting rent on their properties constitutes all or most of their...
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And taking depreciation on them every year on your taxes is one of the supposed perks of being a landlord they try to sell you on
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Anyway this means arguably the most abusive form of landlording is owning a trailer park, where the tenant pays for and owns the actual dwelling and you just charge them for the land, which offloads almost all of the expense and risk onto someone else
End of conversation
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A friend of mine took a 1 yr out-of-state contract. Rented out his home while he was gone, returned 12 mnths later to find the tenants absconded and his family home so wrecked internally that it got demolished. Trying to see how he's the amoral one with a non-depreciating asset.
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