- cross-posted to:
- loveforlandlords@lemmy.world
- cross-posted to:
- loveforlandlords@lemmy.world
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“All I want to do is exploit struggling people for far more than my property is worth. Is that so wrong?!”
Even more ironic is that the “professional” landlords/property holding companies hire property managers who do literally all the work, including both the upkeep for the house and interaction with the tenants. Like, what exactly do you contribute at that point? What would change practically if I hired the property manager directly with the money I would be paying you? Especially when the most common pro-landlord argument (used by landlords themselves) is that they fix things around the house and maintain it.
“You expect me to unclog a toilet?!”
Yes. That’s exactly what I expect a landlord to do. And if you don’t live in the same city as your rental property, maybe that shouldn’t be allowed.
I had a landlord who wrote into the original version of the lease that I (as the tenant) would be responsible for any needed repairs to the sewer system. This was a much more extreme version of being unwilling to unclog a toilet lol. I said fuck that noise and he took the clause out. He turned out to be a good landlord and he didn’t raise my rent once in seven years, but his tendency to just try and get away with whatever he could in the lease had me a bit worried at the start.
I am against landlords like everyone else, but I draw the line at unclogging the toilet. It isn’t worth the effort to report that and I don’t need people unnecessarily seeing my shit in the literal sense. Provided that it is a standard clog and not something wrong with the toilet.
I’m not talking standard clog. I don’t mind using a plunger. But sometimes you need more than that and they should either do it or spend their own money on a plumber ASAP.
Ah, I see. The Super Poo, the Toilet Destroyer, HAZMAT. Things that only a professional can do. Sometimes the rabbit doesn’t come out of the hat and you need an extra hand.
In Australia its way more common for landlords to use propert management companies.
They charge about 5%, the tenant rings them and says “The hot water is out” they ring me and say “You need to authorise us to send a plumber” I say “Ok” they ring one of their go-to plumbers who attends super fast because they dont want to lose the repeat business of a property manager who has 100 properties to look after and they fix it at a fair rate because if they dont the property manager will find a new plumber.
When I was renting out my first house (had to move for work for a few years) I couldnt get an electrician for my own house as fast and as cheap as my property manager could get one for my tenants.
For individuals who own like a single rental property as an investment property, you could blame the banks. Maybe the tenants don’t have the 20% the bank would require for a mortgage. But they can afford the monthly rent for the larger house rather than a smaller apartment. Also the landlord takes on the risk here. (Market value, no Rent payment, property damage, maintenance…)
They take on the risk? That’s hysterical. Landlords don’t risk market value. They buy up all the houses when they’re cheap, make their money back and then some by renting the property, then make even more money when the housing market goes up and they kick the tenant out to sell the property. They don’t risk property damage, that’s the entire point of a security deposit. They don’t “risk” maintenance, that’s called doing their job.
Ok kid. I think you missed the first sentence in my comment.
I don’t understand why a 20% deposit is necessary. If you can make repayments as you can make rent, let them own the house already
You don’t need 20%, you do need at least 3% in most cases. You then pay pmi which is an extra cost.
PMI sucks too. (Again, banks suck.) but it’s still better than paying rent.
Friend tried renting some property in FL. It was a miserable experience with tenants who constantly trashed the places, having to hound them for rent while she had to pay the mortgage on time, etc. She eventually sold it and said “Never again.”
Not counting corporate landlords, cause that’s a whole other can of worms, 50% of landlords are below average landlords, and 50% of tenants are below average tenants. So 75% of leases have one below average party, antidotaly anyway. (Obviously this isn’t real math)
Obviously wrong math. 50% + 50% = 100%. (Sorry, had to)
I will say corporate landlords need to kept on short leashes
We rented a house after we moved out of it. It was a nightmare, and we’ll never do it again. They stopped paying rent for months, then wouldn’t move out. If they had a legitimate hardship we would have worked something out, but they were just shit people. We ended up having to take them to court to get them out. If they had just left without it going that far, we wouldn’t have even pursued the back rent. The house was deep down nasty when we got in after they left.
There are definitely predatory landlords, and there do need to be protections in place. However just because someone charges money to live in a property they own, they aren’t necessary brutal capitalists out to fuck over anyone they can
Love for Landlords
I miss this subreddit. I was almost sure it was satire, but the thrill was not really knowing.
It was definitely serious
The confusing line between ironic shitposting and genuine hatred, suddenly made clear when the community uplifts casual misogyny and transphobia. In theory there’s no logical connection between renting out property and bigotry, right? But in practice…
Landchads*
Poor poor landowners. 🖕🏿 suck it🏴🏴🏴
Good old landlords mocking. I bet there is sub-“lemmy” for that
Poor landlord, I’ll be bartering up my rent this month!
Removed by mod
Hey, a new troll
So brave… thank you for your sacrifice!
Now fix my (your) AC.
I take real issue with this meme, it’s downright offensive that the middle fingers weren’t used instead.
Your know, I guess experiences vary widely, but the landlords I know don’t fit all the hate. For instance, one of my employees decided to rent her house instead of selling it when her family needed a bigger one. They’ve been renting to the same family for a decade or more without ever raising the rent. The family could not afford to buy any house, let alone the one they’re in, so renting allows them to live in a kind of place they couldn’t afford otherwise. My employee has let them skip rent a few times when times were hard.
I know a few similar stories. Maybe it’s different with people who own apartment buildings or whatever, but I just don’t see being a landlord as inherently bad. Like anything else, you can do it ethically or unethically.
Sounds like a problem with the price of housing, which is a not entirely unrelated issue.
Yeah, for sure - I live in southern California, which has about as high a cost of real estate as you’re going to find, but that isn’t caused by landlords. I mean, if you bought a new car and were selling your old one, you’d probably sell it for whatever the market would pay, right? Maybe if you’re really well off you’d just give it to someone, but most of us are going to sell for the going rate. It’s the same with houses. If I can easily get $500k for my house, I’m not going to list it for $400k just to be nice - I could use the money.
Do people feel like it’s inherently more laudable to sell their house than to rent it? It seems like, as long as they’re not gouging, they’re doing more of a service by renting to people who can’t afford to buy, and also covering all the costs of repairs and risk of damage that renters don’t have to worry about.
I just don’t get the hate broadly, though the management company who ran my daughter’s apartment complex were assholes.
I work in a real estate adjacent field, part of the housing issue IS very much because of big companies and people just buying up all the houses to rent them for passive income.
I don’t care if people have 2 or 3 houses but when they own 8 or 9 or hundreds then yea we have an issue.
Yeah, I agree a hundred percent. In every business, it’s possible to be predatory. Big companies are doing some really shitty things, and we should try to figure out how to stop that.
But some people are saying that being a landlord is inherently unethical - the moment someone rents a property, they’re a vile leach. I just think that’s wrong.
Idk I feel like there’s also something to be said to have the freedom to just buy another house after saving a bit. It sounds so easy, but most families would have to sell their house in order to upsize.
Never moved but my mom was in credit unions and the trade in of the house was pretty common. In all fairness, there were many “multiple apartment complex owners” at that same CU, they were notably colder and exclusively about numbers (i.e. throwing a fit and sending another appraiser to their barely functional building to get a dozen k).
My last land lord raised rent by 2.5x after the first year. When we moved out he kept the full security deposit because “the inside of the oven was dirty”
Your mileage may vary
Your landlord is allowed to raise it by that much? I’m Dutch and we have limits on how much rent can increase, which was a maximum of 4.1% in 2023.
4 beautiful words that worked wonders with my shitty landlord who tried to keep my deposit “normal wear and tear”.
As soon as I stated that, the lady changed her tune completely.
This is the whole “not all cops are bad a guy I know is a cop and he’s nice” argument just for landlords.
Or you could phrase it about slave owners “my freind owns slaves, but he just owns the one and he treats them really well!”
Landlording is inherently immoral and explotative, not matter hoe “”“ethical”“” the landlord is.
Maybe it’s different with people who own apartment buildings or whatever
Yes. My landlord is literally a corporation.
Doesn’t matter either way. My landlord is an asshole who never fixes anything he says he will (even things he’s legally supposed to.) Can’t use the law against him because he’s allowed to raise the rent any time he wants with a few simple changes to our lease.
I’ve never had a good landlord. Most of them are greedy trash.
I’m a land lord, did exactly what people say we all did. 15 years ago I bought two 200k homes for 30k each (30k was the down payment) the houses are worth over 600k each now… they are an income plan for my kids so they don’t have to necessarily worry about taking a better paying job instead of something they want to do. Probably a little naive now. But I run the houses at a bare minimum profit just so the government won’t come after me due running a loss on my taxes. I have raised rent only enough to do that. I pay for a property management firm to take care of the properties so that the tenants have 24 hour response to issues. I’ve had the same tenants for 12 years in both properties. Every 4 years or so I have one of the rooms that the tenants want renovated. It’s a right off so doesn’t costa fortune ava the house gets slowly updated. Not every landlord is an asshole. Some of us play the long game without screwing people. But I realize that I am part of the problem. I am part of the reason for less supply in the market. But selling my properties will make my children’s lives less secure and I’m not willing to do that. So i do partially deserve some of the blame.
Edited to add down payment info.
I don’t see you having any blame. Supply and demand for housing includes everything, including rentals. You would be part of the problem if you bought those places and left them empty as vacation spots or something. You didn’t, you’re supplying them to people who I’m guessing wouldn’t be able to buy them themselves. You’re not driving up the cost of housing. I’d argue that, since you’re charging less than you could, you’re actually lowering it.
He literally is driving up the cost of housing. Rental markets are quite seperate to the actual housing market and people who own 3 houses, drive up the cost of buying a house. There is a good chance they can’t afford to rent, yes, but only because of people like him buying housing they dint need to make a profit, they can afford the rent, so they would also He able to afford the mortgage for it if given the chance.
This shows one of the most common things landlords tell themselves to justify it.
But I run the houses at a bare minimum profit
You tell yourself this, to make you feel better, but you don’t acknowledge that almost all the money your tenants pay you is profit, since they are paying for the mortgage. Even if you rented at 0 immediate profit, for the entire time until you paid off the houses, you would have actually made 1.2million in profit, since you now own 2 houses at 600k each.
And those families, instead of paying a mortgage and ending with hundreds of thousands of dollars in equity, that they could refinance, or use to buy a better house or leave as inheritance for their kids, now have nothing, as all that money has gone to you.
There is no such thing as an ethical landlord. Even the “”“good”“” ones are still exploring people’s basic need for shelter to make them rich.
If you really wanted to be a “good” landlord offer those families the chance to buy the house with the 15 years of down payments they already made to you to start it off. But as you said they’re an “income plan” for your kids I don’t think you would do that.
I mean, I get what you’re saying. And perhaps if my financial situation was better I could consider the option to offer the houses to the tenants. But as you suspect I will not trade my children’s financial security just to be charitable. The rent I charge is 30%-40% below market value. I suspect if you were in my position you wouldn’t be so inclined to give away your wealth either.
I was in your position, when my grandparents died I inherited a house, that people encouraged me to rent out. Instead I sold it and invested the money (specifically into a green energy fund.) As that way I still have my financial security, without being a landlord.
I realize you aren’t going to agree, but these two situations aren’t the same thing.
Why not?
Because to start with, I invested and risked my own money a much less bubbled deal estate market with a significant amount of my available capital. You invested someone else’s money. I took all the risk, and you want me to give away all the profits from that risk. Even your “green” investments take advantage of workers, buy off shore parts, cost people their jobs. Why don’t you donate all your profits to those people. Your entire argument is so steeped in hypocrisy that it’s hard to even know if you’re not just a troll.
How the heck did you find not one but two 200k houses for 30k? Or are you saying you bought them for 30k and now they’re worth 200k? Either way holy balls I wish I could do either of those lol
Sorry, I didn’t explain that well. The down payment was 30k each. But basically that’s all I’ve had to spend on the houses.
The house pays for itself, that’s the beauty of having to rent out houses. ROI might vary, but long term, you are secured as long as the property is properly maintained and is attractive to renters.
Edit : reading a lot of comments on this thread, it’s obvious that majority have no idea how house and lot transactions go, and how little real life experience they have on it. They are just hopping on the bandwagon on landlord hate.
“Anybody that disagrees with my unethical actions simply lacks life experience” - some landlord apologist chud.
I assumed they meant they were just worth $30k when they bought them. That is a pipe dream that probably won’t happen again in any of our lifetimes.
The problem is landlords who don’t give a fuck about their tenants and are fixated on squeezing the most out of them. I currently own my house, but my previous landlords were very diligent with repairs and kept rent increases to inflation. They knew we were dependable tenants who paid rent on time and were going to leave the place in decent shape.
But yes, renting can absolutely have unscrupulous landlords. Large investors especially use rental pricing software to press tenants to their absolute limit. It becomes a form of price fixing.
You’ll get your rent when you fix this damn door!
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You guys are joking and everything, but that’s what they actually think
Only some, usually the very right leaning ones or the very left leaning ones. Normal people behave normally.
Im a left leaning landlord and im not like that at all. Im fixing everything thats needed and improving stuff from time to time but basically staying out of their lives.
Good guy landlord.
I wasn’t saying psycho left is common or that you’re like that, just that they exist. It’s harder to spot them because there seems to be so very many psycho right nuts lately.
“Left leaning landlord” is an oxymoron ;p
Or at least if someone actually held to their principles, they would not remain both for very long .
(The concept of a separate ownership class, which is the defining feature of landlordism, is in direct contradiction with leftism, which at the furthest end pushes for the destruction of these sorts of hierarchical class systems, or at the very least attempts to abolish the gatekeeping and hoarding of base necessities like shelter)
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4 liberals so far are mad at reality
I can assure you the very left leaning ones don’t. If they did, they wouldn’t be left leaning.
That was true a few years ago. Republicans were the good guys once too, but they sure as shit aren’t today. Things change.
Extreme left-leaning means they agree with Marx that Capitalism is a doomed system, and work towards its dismantling. If they don’t agree with that goal… they aren’t far left.
It’s so frustrating when people think left means BLM and LGBTQIA+ and vaccination. Those things are all great and I support them, but that’s not what makes me left: left is about Unions and social safety nets and community welfare and workers seizing the means of production.
I’m Left because my guiding principle for how countries should be managed is “The greatest good for the greatest number”.
This puts me in a collision course often with “lefties” who are just tribalists mindlessly parroting slogans and cheering for celebrities of “their side”, because they never validate what they hear from “their side” against any such principles, which is how you end up with “lefties” such as tankies or the kind of “feminist” who just happens to be a high middle class woman who thinks “breaking the glass ceiling in corporate management” is far more important than reducing the 40,000% wage difference between CEOs and the average employee, in other words putting “loyalty to the team” far above and beyond doing what’s best for society as a whole or simply trying to further their personal greed objectives using the some “group identity” as cover.
Those not capable of putting personal upside maximization or petty emotional needs (including all those related to tribalism) to the side if that is required for the greater good, are not leftwing, IMHO.
Left is about how you feel regarding hierarchies.
Being against discriminating people based on gender or orientation is being against hierarchies that put women or LGBT at the bottom; being against exploitation or favoring unions is about improving the situation of people who are below in a currently existing hierarchy. If you want absolute gender and LGBT equality but wholeheartedly support the right of Boeing’s shareholders to gain lots of money and not to get taxed too much, you have some leftist ideas and some right-wing ideas. If you want to establish absolute socialism but think gay people especifically shouldn’t kiss in public, you have some leftist ideas and some right-wing ideas, because you’re putting gay people at the bottom of hierarchy.
In the US, worker rights and social participation in the economy often gets left out of “what it is the left” because of the Cold War persecution against anticapitalist ideals and the predominance of the Democratic Party’s old guard at establishing discourse, which creates a skewed vision.
I’m left by default because I don’t support violent coups, and I don’t particularly care what some people choose to do with their genitals. Pretty pathetic when I put it that way, but that’s just how it is…
What did it mean before then?
As I said, things change.
I’m really not trying to dunk on you when I say this: you’ve fundamentally misunderstood the left-right political theory. A previously left-wing party can drift to the right and vice versa. A party called the “lefty left socialist communist hippy party” can be made up completely of right-wingers, and that doesn’t change the definition of left and right. I won’t try and explain the definitions of political left and right to you because there are almost definitely better explanations out there than I could give. I just implore you to find an impartial, unbiased explainer.
Before then? It stood for general democratic desire and the idea that people should have the power over government rather than the old establishments. And before that… the concept of left and right didn’t exist. Since they came up during the French Revolution when the revolutionary members sat on the left side of the assembly in Versailles, opposite the supporters of the old regime on the right side.
Like… are you talking about ideological drift? In that case, all political forces have moved towards the right since the 80s. Most prominent in the US, where our “left” party is actually center right
When was that, 160 years ago?
GHWB was pretty solid IMO. Unfairly got voted out for the whole ‘read my lips’ thing. Check out this speech at the UN Panel on Climate Change. He is coherent, dignified, rational, and reasonable. So you know, unelectable by today’s GOP, but we’ve known that for a while…
I was referring to Lincoln.
…and I’m saying GHWB wasn’t that bad IMO. The last reasonable republican of that generation. Somehow that’s a controversial thing to say though apparently 🙄
Someone I know is like this, unironically.
I rent out homes and I dont get any of these because I only rent out to hispanic working families. Fight me
Tenants do have rights. If the AC is owned by the landlord and part of the lease is on the landlord to fix it. And rent control is to keep rent from reaching New York closet for $6K levels.
