So I guess I’m a landlord. We have a house that we rent. Bought it in 2007 using this cool thing called a sub prime mortgage. So we were sorta forced to hold on to the house and rent it.
Fast forward 15 years and I’m now renting the house I live in from a landlord. It’s made me realize that we’re good landlords. My dishwasher has been broken for two months collecting mold while its replacement has sat in my living room waiting to be installed.
Our own tenants have mostly been cool but I wish the guy we cut a break with (few months for free when he lost his job during covid) hadn’t grown weed in the garage and damaged some floors.
Other than that one guy, I don’t expect anybody to thank me.
With house prices having almost doubled since 2007 and considering you (or someone else) has been paying your mortgage for 15 years, why don’t you sell it and buy a new house to live in?
Bought the house when we had one kid. Now we have four. It’s too small for us to live in right now. That said, we’re thinking when our older kids move out we’ll move back in to our first house. The mortgage is certainly cheaper.
After leaving that house we moved twice (into larger homes… my in-laws moved in with us at one point). We bought both times. We rent our residence now for a couple of reasons: COVID fucked up my finances from a few angles and we couldn’t get lending this time. And we’ve got 3 kids moving out in the next 3 years or less. So we’re kind of in a transition period anyway.
I’d say being a property owner isn’t a job, which may be more what they’re thinking.
But property manager is definitely a job, though I think in many cases people equate property manager with landlord, because there are those that are both.
It’s a form of employment, but it does nothing but harm for society. Property should not be hoarded, but distributed fairly. If everyone who needed property had only what they needed, no one would need property managers. Therefore, property managers enable the hoarding of property, and that’s a bad thing.
Sitting on his ass or going golfing while his tenants work their ass to give 70% or their salary to the landlord, only for the MF to raise the rent a 50% without warning because his mistress wants to go on vacation somewhere in the Caribbean, doesn't sound like a job.
I mean, the title was "thankless", not "undeservedly thankless" 😆.
Maybe they should have said "a good landlord". Because a good landlord is often the one you never talk to, because nothing breaks and rent never raises. Which are things that don't happen on accident.