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Son_of_dad ,

They should see it as a job, and maintain their damn properties.

I am a condo super and constantly have issues with these multi unit owners who rent out, as their tenants call me about every broken fixture and I have to remind them that their landlord is their super, not me. I only take care of the common areas.

Landlords don’t realize that their job is to be the property manager, super, handy man and administrator for the property they rent out. They’re not just supposed to sit on their ass and collect a check.

grabyourmotherskeys ,

I looked after a house that my brother owned while he was out of the country for a few years. The first tenants were a group home that destroyed the place so much we had to gut the drywall and they never paid the rent until I hounded them endlessly every month. Every month.

The other tenants were just regular families and pretty good for the most part.

I would say I was dealing with something related to that house all the time. Every three weeks for stuff. Leaky faucet, roof shingle gone, branch fell on the lawn, sewer backed up. Big and small, all the time.

And they always called late at night or very early in the morning. This was before texting and email was common, etc.

My brother was paying me to do this, I would have done it for free but he insisted, but I was so glad when he sold that place.

I dealt with everything promptly. A family friend ran a property mgmt business and his crews did all the work promptly and billed us direct. People still always seemed annoyed and dissatisfied. Never again.

PM_ME_FEET_PICS ,

Rentoids are usually disgusting.

Ser_Salty ,

I’m somewhat “glad” I’m not renting a place owned by some rich chucklefuck, but one owned by a company. I know, sounds weird, but at least my rent money is going to something useful, since they employ their electricians, plumbers etc., hire a cleaning firm to clean the stairwell, and have a website where I can report problems, look at my energy consumption, stuff like that.

tocopherol ,
@tocopherol@lemmy.dbzer0.com avatar

You rent from a responsible company it sounds like. In my part of the country, there are a few massive companies that own a large amount of property and do fuck-all, have no online portal for anything, take weeks to deal with things like leaking pipes and such. I’m newish to the state so I’m not sure how they get it away with it legally but I’ve heard a lot of horror stories from these companies. I rent a place now from some rich dude for a very reasonable price, he owns a handful of properties and they do well on the maintenance and everything, it definitely depends.

Ser_Salty ,

Aye, the one I’m renting from is a local company. You find lots of them all over Germany, managing the huge apartment buildings, especially the old soviet concrete blocks. Outside of places like Berlin they’re usually reasonable.

Spasmolytic ,

Right, but do the faux revolutionaries in this thread know the difference between a good landlord and a bad one? They seem to enjoy basking in righteous anger and not to care for nuances.

Good landlords hate bad landlords too. There’s a lot of common ground to be shared.

nodsocket ,

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.

Brawndo ,

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.

nodsocket ,

Eh, I wouldn’t say the housing market on the whole is fickle in the same way as as the stock market. But for things like property damage, the risk is definitely on you

Blapoo ,

Sounds like a good problem to have

empireOfLove , (edited )
@empireOfLove@lemmy.one avatar

Landlords also absorb all the risk if the tenants skip out on two months of rent and leave the unit with no appliances, dog piss stained floors, a body sized hole in the bedroom wall, a toilet that leaked noticably but never reported resulting in extensive water damage, etc.

While its guaranteed that theres a lot of shitty landlords out there, and a ton of price-gouging corporate management companies (who are the real problem these days eith affordability)… I’m fully convinced every user who says “landlords are the devil” are they, themselves, the Tenants from Hell who do not pay the building they live in the tiniest modicum of respect; then wonder why every landlord hates them and hassles them.

Russianranger ,

Agreed, there has to be a level of understanding. Just because you live in a space and pay rent doesn’t mean you can go wild and let the place crawl with refuse and roaches. I have an upstairs neighbor in my apartment complex that is the quintessential definition of the renter from hell. And we get all their roaches even though we keep the place spotless. And not to paint the landlords as martyrs here, as they have their own issues, but some people have a bad case of main character complex and think the rest of us that have to suffer with the stench and infestation are just the NPCs.

grabyourmotherskeys ,

People will assume you are exaggerating but I will back you up here. These things happen and can all easily happen at one property.

empireOfLove ,
@empireOfLove@lemmy.one avatar

Oh yeah. I’ve lived it and breathed it… a few times. Cleaning up a ruined house fucking sucks and it’s expensive too. Makes me wonder how some people stay alive with how quickly they wreck stuff.

PopOfAfrica ,

What risk? A landlord that isn’t a complete idiot would have set aside some of their extortion money or required a deposit.

Ilovethebomb ,

Do you know how easy it is to do a rental deposit’s worth of damage to a property?

PopOfAfrica ,

Do you know how easy it is to extract other people wealth enough to fix it?. Shit happens. Use your that extortion money you’ve been saving.

Ilovethebomb ,

Chris you people are a special bunch.

PopOfAfrica ,

Who’s Chris?

Ilovethebomb ,

You wouldn’t know him.

Touching_Grass ,

Which hasn’t, ever.

camelbeard ,

So the 2008 economic crisis never happened? Where I live (Europe) houses are actually going down in value right now too.

doleo ,

Going down fractionally, after having grown an incredible amount in the last 3 years. Please don’t swallow this obvious bullshit. Prices are high, prohibitively high, and are going to stay that way until everyone bar a few is forced to rent.

camelbeard ,

www.whitehouse.gov/wp-content/…/figure-1.jpg

It’s not so simple…

Like if you had bought a house in 2005 you’d have been stuck in it for a long time unless you are willing to take a loss. Offcouse in the long term prices are going up, that’s inevitable with inflation and our current system.

rambaroo ,

No one forced them to be a landlord. Tenants have very little choice. Why is there even a comparison here?

Landrin201 ,
@Landrin201@lemmy.ml avatar

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!

forgotmyusername ,

I’d be thrilled if this “passive income” narrative would die off already. I don’t consider my house a “passive investment”, shit costs a good deal of physical work and money to maintain. If people want to own rental properties but aren’t interested in doing the upkeep and maintenance themselves, hire a skilled handyperson/super to manage it. Can’t afford that? Maybe owning a rental property isn’t for you.

henfredemars ,

The places I’ve stayed so far pay a company to deal with these issues in place of the owner.

I can’t speak on what that costs, however.

empireOfLove ,
@empireOfLove@lemmy.one avatar

Management companies typically take a percentage of the monthly rent (can vary wildly from 8% up to 25%+). This also means they have a vested interest in increasing a building’s rent by the maximum legally allowed amount every single year, because it means they make more without doing additional work.

nodsocket ,

Even dealing with a property manager can be a full time job for owners.

gamermanh ,
@gamermanh@lemmy.dbzer0.com avatar

*Some

Many do not do much of this at all, sadly

db2 ,

Yeah, these memes are made by kids who have never actually worked at all, much less at upkeep on a property they don’t live at. They probably whine about taking out the trash every week and beg their mom for new games while thinking they’re independent somehow.

Custoslibera OP ,

Apparently you think Adam Smith is an immature child.

db2 ,

Who?

Custoslibera OP ,

It’s not my job to educate you.

You expect too much of me to succeed where others have clearly already failed.

db2 ,

The best part of lemmy is that douchebags like you out yourself so freely, it makes quick blocking so much more efficient.

deur ,

Lmao someone is a self important douchebag but it isnt op

nodsocket ,

It’s OP

tocopherol ,
@tocopherol@lemmy.dbzer0.com avatar

I’m not sure if you’re serious, Adam Smith was one of the most influential political thinkers during the development of modern western governments and capitalism. His views shaped the discourse of politics heavily in the last three hundred years.

Son_of_dad ,

They’re supposed to do all those things but most don’t. I’m a condo super and the owners who own and rent multiple units are the worst. Their tenants are always calling me about every issue, and I have to remind them that I deal with the common areas, not the interior of their unit unless there’s a flood. Those landlords tend to own multiple units and just assume I will deal with their issues, but I won’t. When you own, you’re the super, manager, admin, etc. But most landlords I’ve encountered just wanna collect the check

Ilovethebomb ,

It’s genuinely not easy, both my parents have owned rental properties at some point in their lives, as a retirement investment. I’d never consider a rental property as an investment myself as a result of what I’ve seen tenants do to a property.

Cold_Brew_Enema ,

Sir this is a reddit clone please join the landlord hate circlejerk or GET OUT OF HERE

tocopherol ,
@tocopherol@lemmy.dbzer0.com avatar

If you have multiple properties you hire someone to do that work. ‘Landlords’ include property companies that own hundreds of units, which is the majority of ownership in the US. Do you think the owners of these companies are doing maintenance and dealing with tenants? The executives are in effect the landlords, and all the work they do is figure out how to make more money off of their company’s investments, aka figure out how to better extract income from tenants.

nodsocket ,

If you’re talking about the owner of a property company, that’s a company owner not a landlord. Still a tough job to run a company.

tocopherol ,
@tocopherol@lemmy.dbzer0.com avatar

What does it mean to be a landlord then? Are you saying the properties owned by these companies have no landlord? I don’t doubt it’s a tough job to run a company, I still don’t think that justifies the amount of our profits we give up to ensure we have shelter.

nodsocket ,

Properties owned by a corporation do not have a landlord. They are owned jointly by a group of investors who assume the financial risk. You can be a property company investor too if you want, there are a number of such companies called REITs that sell shares on the stock market and return a quarterly dividend.

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