this post was submitted on 22 Sep 2023
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I realize that I may be in the minority here, but I used to be a landlord. I never charged full market rate, and I always took care of my tenants. I never kept any security deposit money. One tenant had a breakup, and I showed up that evening with a locksmith to change her locks so he wouldn't be a problem. That cost me some money but it didn't cost her anything. I mean, they're paying for service you need to provide service.
I remember people like you. It's always appreciated but eventually a corporation gets every building.
You did it right, but the only thing keeping most people honest is regulation. Until pro-tenant behavior is properly incentivized for landlords, most will remain shitty and selfish.
Most ? Where is your statistics? What kind of bullshit statement is this.
-gestures broadly at the history of the entire human species-
I’m not a misanthrope, but humans haven’t exactly earned a gold star for behavior.
My statistic would be the totality of humanity acting like shit whenever they're not forced otherwise
When the system incentivizes greed, then there will always be a sway toward the profit motive.
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.
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
Sincerely thank you for being a good person in a harmfully flawed system. You probably won't get rewarded for it. Most likely you'll be punished for it. But someone out there probably thinks you're pretty cool for doing it.