this post was submitted on 29 Jun 2025
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No, being a landlord makes you shit.
Had to move for my job, but didn’t want to sell our house.
Decided to rent it. Lucked into some awesome renters.
We haven’t raised the rent on them in 7 years. We fix things when they ask. They respect the property.
If they moved or bought a house they’d be paying significantly more monthly. Instead they’re using their extra money to save for their own house and to get their business off the ground.
This feels like a win win? If we had sold, it’d probably be an AirBnB now. How does this make me shit?
I know i am going to be down voted but here goes.
You didn't want to sell your home to a family who could have really used it, instead you wanted to keep it and make money off someone for 7 whole years.
You are keeping property you don't need whilst talking about how you help people to get their own home, seems like a poor justification to me.
You don't know that it would have become an air bnb, you are just using whataboutism to make yourself look better by comparison. And if it did that's not on you, but trying to justify renting additional properties by saying you "saved it" from becoming an air bnb instead is so shitty. Like wow you saved the house from being used in that way here is your rental payment.
You aren't saving people money by taking rental payments, you aren't a hero for potentially stopping someone from using the property as an airbnb, you are a landlord.
They didn't know that it would probably become an airbnb, but the likelihood of such a place becoming one or being bought by somebody else wanting to charge higher rents isn't exactly low either.
The whole "market rates" thing is used by corporate landlords to increase prices, and controlling available properties - including by leaving vacancies - is one way that do that. By the same token, charging below "market rates" could also help of enough did it, especially if the places are decent and money re-invested in proper upkeep. Many/most though are not even investing in proper maintenance/repairs while charging over an above the cost of entire mortgages, which IMO is just greedy bullshit