And because of that, you made less money. A bastard landlord would make more money and be able to invest that money into buying more properties. Those properties would bring even more money, allowing them to buy even more property and so forth. This dynamic is why the vast majority of landlords (and capitalists in general) are bastards.
Capitalism is a system where the selfish and greedy will always triumph over the selfless and charitable. It is designed from the ground up to incentivize selfish behavior.
A bastard landlord only makes more money in the short term. People who are shitty to tenants end up with worse and worse tenants, in rental units that are lower and lower quality.
A good landlord will have people who stick around to provide consistent income, which avoids months of vacant properties. They will also refer friends, who will be good tenants to other properties the landlord might have. Since the properties are well maintained, they will also be able to charge a high price for rent, that is worth it to the tenant, vs the slum the bastard landlord is trying to rent.
You’re assuming the market has other options for those tenants and that moving for a tenant is a viable option. Many many people live paycheck to paycheck for rent let alone saving up for down payments and moving costs
And because of that, you made less money. A bastard landlord would make more money and be able to invest that money into buying more properties. Those properties would bring even more money, allowing them to buy even more property and so forth. This dynamic is why the vast majority of landlords (and capitalists in general) are bastards.
Capitalism is a system where the selfish and greedy will always triumph over the selfless and charitable. It is designed from the ground up to incentivize selfish behavior.
I was OK making less money. The place was paid for, no mortgage. The only reason I sold was because of our horrible medical system.
A bastard landlord only makes more money in the short term. People who are shitty to tenants end up with worse and worse tenants, in rental units that are lower and lower quality.
A good landlord will have people who stick around to provide consistent income, which avoids months of vacant properties. They will also refer friends, who will be good tenants to other properties the landlord might have. Since the properties are well maintained, they will also be able to charge a high price for rent, that is worth it to the tenant, vs the slum the bastard landlord is trying to rent.
You’re assuming the market has other options for those tenants and that moving for a tenant is a viable option. Many many people live paycheck to paycheck for rent let alone saving up for down payments and moving costs