Exactly the problem. You rely on other people to pay you more than a thing is worth so that you can remain in a lifestyle that is no longer sustainable. Fuck you.
I manage 10 employees, i drive to customers and do electrical or system administration if any of my employees are ever sick, i do many repairs on the units i rent out myself, and if I can’t because i cannot meet best practices in that specific field i work on getting someone to fix it.
have you tried selling those homes.
No, why?
maybe let the mother of 2 get ahead in life. like you.
I am not stopping anyone from getting ahead in life lmao, what makes you think that? You think if someone cannot afford to pay rent, they will become mega rich as soon as they don’t?
Or is that an offensive idea? No i would love for people in my community to become successful.
What would you do if that mother of 2 became successful and bought you out and kept raising your rent?
What? I’m not a corporation you can just buy. How would anyone buy me out? And why?
what would you really do?
I would just not sell?
you hold the torch of rent to everyone else. what about you? without the income of 10 units. and 10 families working on your behalf to stay in a shelter lest you throw them out.
What? Are you dense? I have 2 businesses that pay the small tidbit of loan that is still open. All my properties are paid off. All the rent goes into a single account that i can leverage to make repairs or upgrades to the units i rent out. And what’s with the throwing people out? I can’t kick people out my guy, renters have rights.
Guess what… aside from property tax and employees (which are your cost of doing business), your tenants also have to shoulder all those extra costs. And now they get slugged by your rent increases as well.
While I agree to a point, apart from property tax and employees there’s more costs that i face so the tenant doesnt have to.
Insurance (both from natural causes and unnatural damages), the aforementioned property tax, waste and fresh water, appliances that have to be replaced, corrosion damage, trash disposal, street cleaning etc.
I get the slight feeling that you only ever rented? This is all part of the rent. You are paying a part of all this with your rent. I get an average of 400 before tax a month on each unit.
You think the eingle mother of 2 could afford a mortgage of more than the rent (US centric, in Europe it’d be a loan) and all the running costs?
While I agree to a point, apart from property tax and employees there’s more costs that i face so the tenant doesnt have to.
Insurance (both from natural causes and unnatural damages), the aforementioned property tax, waste and fresh water, appliances that have to be replaced, corrosion damage, trash disposal, street cleaning etc.
Wherever I have rented, I paid for my electricity and water usage. So unless you’re talking about your own electricity and water usage, I’m not sure what you mean by “facing costs so the tenant doesn’t have to”. Structural insurance is not a cost the tenant would bear themselves if you didn’t, since they can’t take out insurance on a structure they don’t own. So if you weren’t bearing that cost, your property would simply be uninsured. The rest are pretty much your business costs.
I get the slight feeling that you only ever rented?
You’d be mistaken. I have been in the fortunate position of not having to rent for the past ten years - I’ve dealt with too many shitty landlords and middlemen to ever want to do it again. And the same way you don’t care if a tenant’s salary is going up enough to be able to afford your rent increases, I don’t care what you make on renting out a unit. You could be breaking even for all I care. Your business model is predicated on people being able to afford your rent, and if purchasing (or, if you will) renting power is reducing across the board due to ever increasing cost of living, well, then you don’t have a viable business. Nobody forced you to be a landlord, nobody ever said your investment was going to be risk-free.
You think the eingle mother of 2 could afford a mortgage of more than the rent (US centric, in Europe it’d be a loan) and all the running costs?
In many markets, private landlords set their rent so that the renter is pretty much paying the mortgage on the rented property, plus the running costs. The Australian market in particular is so inflated right now that many renters would actually be better off paying a mortgage on the same place they’re renting.
All of them. Food, gas, petrol, property tax, car payments, electricity, water, my employees… you name it, it got more expensive.
Exactly the problem. You rely on other people to pay you more than a thing is worth so that you can remain in a lifestyle that is no longer sustainable. Fuck you.
Nice assumption. Wrong.
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I manage 10 employees, i drive to customers and do electrical or system administration if any of my employees are ever sick, i do many repairs on the units i rent out myself, and if I can’t because i cannot meet best practices in that specific field i work on getting someone to fix it.
deleted by creator
have you tried selling those homes.
No, why?
maybe let the mother of 2 get ahead in life. like you.
I am not stopping anyone from getting ahead in life lmao, what makes you think that? You think if someone cannot afford to pay rent, they will become mega rich as soon as they don’t?
Or is that an offensive idea? No i would love for people in my community to become successful.
What would you do if that mother of 2 became successful and bought you out and kept raising your rent?
What? I’m not a corporation you can just buy. How would anyone buy me out? And why?
what would you really do?
I would just not sell?
you hold the torch of rent to everyone else. what about you? without the income of 10 units. and 10 families working on your behalf to stay in a shelter lest you throw them out.
What? Are you dense? I have 2 businesses that pay the small tidbit of loan that is still open. All my properties are paid off. All the rent goes into a single account that i can leverage to make repairs or upgrades to the units i rent out. And what’s with the throwing people out? I can’t kick people out my guy, renters have rights.
Guess what… aside from property tax and employees (which are your cost of doing business), your tenants also have to shoulder all those extra costs. And now they get slugged by your rent increases as well.
While I agree to a point, apart from property tax and employees there’s more costs that i face so the tenant doesnt have to.
Insurance (both from natural causes and unnatural damages), the aforementioned property tax, waste and fresh water, appliances that have to be replaced, corrosion damage, trash disposal, street cleaning etc.
I get the slight feeling that you only ever rented? This is all part of the rent. You are paying a part of all this with your rent. I get an average of 400 before tax a month on each unit.
You think the eingle mother of 2 could afford a mortgage of more than the rent (US centric, in Europe it’d be a loan) and all the running costs?
Wherever I have rented, I paid for my electricity and water usage. So unless you’re talking about your own electricity and water usage, I’m not sure what you mean by “facing costs so the tenant doesn’t have to”. Structural insurance is not a cost the tenant would bear themselves if you didn’t, since they can’t take out insurance on a structure they don’t own. So if you weren’t bearing that cost, your property would simply be uninsured. The rest are pretty much your business costs.
You’d be mistaken. I have been in the fortunate position of not having to rent for the past ten years - I’ve dealt with too many shitty landlords and middlemen to ever want to do it again. And the same way you don’t care if a tenant’s salary is going up enough to be able to afford your rent increases, I don’t care what you make on renting out a unit. You could be breaking even for all I care. Your business model is predicated on people being able to afford your rent, and if purchasing (or, if you will) renting power is reducing across the board due to ever increasing cost of living, well, then you don’t have a viable business. Nobody forced you to be a landlord, nobody ever said your investment was going to be risk-free.
In many markets, private landlords set their rent so that the renter is pretty much paying the mortgage on the rented property, plus the running costs. The Australian market in particular is so inflated right now that many renters would actually be better off paying a mortgage on the same place they’re renting.
Ok, cool. My Tenants don’t.
Cool, not Australian.