this post was submitted on 23 Dec 2023
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[–] sharkaccident@lemmy.world -1 points 11 months ago (3 children)

Everyone paints landlords as money grubbing evil people. I own a couple rental houses and set prices so that my return is 7% annually. While that may paint me as the description above realize this; that price was set when I set a tenant and only increases with inflation. The majority of my units are 25% below market rates because once I have a good tenant I don't see a reason to make more work for me. 7% return and I never hear from them is worth it in my mind.

[–] Jadesayade@lemmy.tf 1 points 11 months ago (6 children)

Lemmy can be such a hateful place sometimes. Mom and Pop landlords such as yourself are not the problem. I would assume that most people renting from you are not in a situation where they can buy a house yet. Providing them a place at a reasonable price gives them the opportunity to save for a house of their own. I think just about everybody who has bought a house had to rent first, including myself, without available rentals what would we do?

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[–] Grayox@lemmy.ml 0 points 11 months ago (4 children)

There are very few jobs that actually give annual raises that keep up with inflation. You are no better than corporations that raise the price of food for no reason, other than following an arbitrary market metric(inflation) You should give your tenants 3 months free rent for Christmas, and give them the option to buy the properties from you for what you bought them for, and get a real job.

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