this post was submitted on 04 Sep 2023
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One thing I’ve learned on reddit is that you never tell people on platforms like that or even this one that you’re a landlord. You could be the best landlord, never raise a reasonable rent, keep a well and promptly maintained property, and LanDlOrDs aRe The ScUm of ThE Earth!!1! is all you hear.
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%.
I'm in that boat. I'm a land lord. I built my forever home but after a medical issue I lost my job. Unfortunately my career choice, while lucrative, only has one or two positions per state. So I had to move. I'd like to return to the home I built but that won't be for another 10 years minimum when I retire. I don't want to sell my home, so I rented it out. I'm currently renting an apartment myself.
If you only own a single property you're not the subject here. A lot of people wouldn't even use the word landlord to describe you, because your income isn't generated from ownership without production.
The word landlord is regressing to mean someone who owns multiple properties and just collects rent without having to do any value-generating work.
Sorry no, landlord still means anyone who rents homes, even a single one. Even a single room or a basement suite. Just ask any renter what they call the person who they pay for the space. They call them the landlord. You're stuck in a dark bubble.
A dArK buBblE
Oh please lol
what you are describing is what a lot of people call their retirement plan