this post was submitted on 02 Oct 2023
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Landlords actually do a lot of work. Maintenance and dealing with tenants can easily become a full time job if you have multiple properties. A lot of people buy rentals thinking it's "passive income" and then end up working twice as hard as before.
They also assume all the risk of the property too. Tenants can leave as they please but landlords are stuck with the property if the market turns.
Oh wow boo hoo, they have so much risk 😔 they have an entire house that they can sell at any time, who someone else is paying the mortgage of. Oh, the horror! If the market should crash they'll lose the equity another person paid!
Really the landlords are the victims here, not the tenants paying their mortgage for them plus a little extra for profits. Clearly the tenants have committed the crime of not having good enough credit for a loan, or the crime of not having enough for a down payment, so they aren't worthy of owning property.
No no it's the landlord who has the real problems, because they could ein a shaky financial situation of "selling the second house iown" if the market dips!