Why would someone become a landlord in the first place? You’re not born with a title deed in your hand, and if you were given income property by a family member, you’re still profiting off of the hard work of others. The only reason someone would choose to go out of their way to invest in rental properties is because they see an easier way of making money than having to go out and work for it like an honest person. “Mom and Pop landlords” aren’t a thing. If you have the funds to buy an entire second property, you aren’t just a “mom and pop”, youre in the 1%.
Is it really a lot of work? I’ve rented for about 10 years of my life, and I’ve only seen maintenance get done maybe 4 times. The work was just hired out (probably the cheapest they could find). I’ve had to do all the rest of the work that needed done myself.
Why would someone become a landlord? My uncle took out loans to buy distressed properties sold at auctions, and then he would put in the “sweat equity” to fix them up for renting out, all while working his full time job. So, he would work all day, and afterwards would manage those buildings doing all the maintenance and cleaning himself.
Why did he do it? He did it to make money…so he could send his son to college, so hopefully his son wouldn’t have to hustle a full time job and a busy part time job as well. My uncle worked his ass off to make a better life for his son, how selfish of him.
Why would someone become a landlord in the first place? You’re not born with a title deed in your hand, and if you were given income property by a family member, you’re still profiting off of the hard work of others. The only reason someone would choose to go out of their way to invest in rental properties is because they see an easier way of making money than having to go out and work for it like an honest person. “Mom and Pop landlords” aren’t a thing. If you have the funds to buy an entire second property, you aren’t just a “mom and pop”, youre in the 1%.
This just in - every blue collar business owner with a shop is in the 1%
That is true
Why do anything and sell for a profit then? And owning rental properties is work. A lot of work. And you’re wrong about the 1% thing
Yeah but see if you stock the grocery store shelves, you’re profiting off the hard work of the people who actually made the food…so you’re scum!
Is it really a lot of work? I’ve rented for about 10 years of my life, and I’ve only seen maintenance get done maybe 4 times. The work was just hired out (probably the cheapest they could find). I’ve had to do all the rest of the work that needed done myself.
You either put your money in a savings account at low interest rates or invest in something else.
Why would someone become a landlord? My uncle took out loans to buy distressed properties sold at auctions, and then he would put in the “sweat equity” to fix them up for renting out, all while working his full time job. So, he would work all day, and afterwards would manage those buildings doing all the maintenance and cleaning himself.
Why did he do it? He did it to make money…so he could send his son to college, so hopefully his son wouldn’t have to hustle a full time job and a busy part time job as well. My uncle worked his ass off to make a better life for his son, how selfish of him.