This is something I think gets left out, but understandably so when there are so many issues with landlords.
But, as a property owner, you’ve got all the liability and are responsible for repairs and ensuring that the property is livable and usable. I think there’s a level of compensation you can be earning from your time, but I think that having extremely high rent PLUS the ROI of your property increasing in value over time is double dipping. When you consider that your money is invested in property and you’re getting value that way, it IS leeching IMO if someone else is doing all the upkeep and paying a premium for that.
Looking at the OP that way shows that those people are just exploiting others. But I do think there is such a thing as ethical landlording. But I think generally we’re not there.
If you start treating everyone who’s making a profit by owning a property and renting it out, as a piece of shit, soon you’ll have everyone avoiding renting property altogether, and simply selling, and investing their capital in something that returns a profit. You know the stock market, Bitcoin. The bottom line is a rental property is just a business like anything else
There’s a line to draw between exploiting tenants, and compensation for providing dwelling.
You might even argue the OP creates this ambiguity based on interpretation of the wording, or poor communication.
For a productive conversation, let’s be crystal clear where that line is drawn.
This is something I think gets left out, but understandably so when there are so many issues with landlords.
But, as a property owner, you’ve got all the liability and are responsible for repairs and ensuring that the property is livable and usable. I think there’s a level of compensation you can be earning from your time, but I think that having extremely high rent PLUS the ROI of your property increasing in value over time is double dipping. When you consider that your money is invested in property and you’re getting value that way, it IS leeching IMO if someone else is doing all the upkeep and paying a premium for that.
Looking at the OP that way shows that those people are just exploiting others. But I do think there is such a thing as ethical landlording. But I think generally we’re not there.
If you start treating everyone who’s making a profit by owning a property and renting it out, as a piece of shit, soon you’ll have everyone avoiding renting property altogether, and simply selling, and investing their capital in something that returns a profit. You know the stock market, Bitcoin. The bottom line is a rental property is just a business like anything else