Why do people become landlords when they can make the same amount of money from a passive dividend portfolio?
>>62202647so the problem solved itself and everybody won, right?
>>62202656The tenant destroyed the place then killed himself so they cant even sue him for damages. How is that a win for the landlord?
landlords are like people who study managementthey have nothing of value to add to the world but still wants to be the boss, even if its the boss of a suicidal schizo or a team of niggers at mcdonaldsi always laugh when someone tells me he has investment properties, dude you are just a concierge and my portfolio mogs you 20x times
also based tenant for doing this t. bought my house cash and will never invest in real estate ever again
>>62202707i guess apartment buildings will just build themselves and there is no demand for apartments
>>62202707>they have nothing of value to addnothing of value? ok then live on the street. no problem I guess?
>>62202647>why?bro has never heard of leverage.
>>62202647Look into REPS status. Real estate professionals can write of more taxes. Now you know.
>>62202727>>62202721landlords dont build the properties they buy
>>62202730>paying interests rate to the bank, property taxes, repairs, cleaning the blood, fixing the water damagei guess this landlord is having a lot of leverage now
>>62202738no shit they dont. they pay money so someone who is experienced with building property does it for them.
>>62202746they are just useless parasites between the builder and the people who really need this place to livewithout landlords real estate would be cheaper, landlords are a net loss to society
>>62202753just because you really need the property doesnt mean you are entitled to it, thats not how the real world works. its their property they can do whatever the fuck they want with it.
>>62202762im free to call them parasites and to pity them for their pathetic ROI
>>62202647REITs are just so much better especially if played in a nice tax-advantaged account and I'm tired of saying otherwisewhen it comes time to withdraw, just withdraw the dividend rate and not a penny more. it will continue to appreciate and your kids will be very happy you didn't clean up your accounts and leave them nothing. O for example is paying a fat 5% dividend and was trading at sub 50 ~1yr ago
>>62202771also cheaper rent would mean no incentive to invest into new buildings. even as things stand right now people with actual money to build property are better off putting it into the stock market. take even more incentive away and you will only achieve more shortages. I dont think you have this whole cheap rent thingy thought through.
>>62202786i dont care about cheap rent i own my place and i bought it cashi never rented high because i moved to a cheaper city when i turned 25, why would i rent where its expensive - i work remote
>>62202647I don't like landlords, but that entitled boomer got what he deservedRest in piss
landlords can tongue my anus
>>62202707Get a mortgage if you don't like it, rentpig
>>62202647Bong here - what's the best stock to invest in for passive income, and how much do I need to put in?
>>62202844mortgage cucks ahahahakys slave
>>62202682>destroyed the placethe text described minor inconveniances at worst
>>62202888>minor inconveniances at worstkek
>>62202707we provide places for transient people to live. most people who live in cities are there temporarily for school or work and don't want to deal with the hassle of property ownership. in the building where we rent out units there are almost always units for sale and we price our rent based on what a mortgage would cost per month on a competing unit. it never takes us more than a couple days to find a tenant while it takes mo the sometimes up to a year for a unit to sell.
>>62202888>entire place flooded>minor damagesare you braindamaged?If the locks are all blocked they would have to drill them, that takes powerdrills on hand or an emergency locksmith.If every faucet and sink is going at the same time while blocked then that whole floor could be in an inch of water easily by the time they could get in to fix it.AI sloppa section:One inch of floodwater in an average home can cause approximately $25,000 in damages. This cost typically covers:Structural repairs: Replacement of saturated drywall and warped or buckled flooring. Appliance replacement: Fixing or replacing electrical components, HVAC systems, and submerged appliances. Remediation: Professional water extraction, drying, and mold removal, which can begin within 24–48 hours of exposure.
>>62202910>we price our rent based on what a mortgage would cost per month on a competing unitthen you are okay
>>62202647the only good thing about real estate is fixed mortgages but that is really good if rates are low
>>62202647Because it's fun! It's like playing The Sims but in real life and way cheaper. I like to hold events for my tenants and try to get them to hook with each other and I love watching the cameras to see what whacky hijinks they get up to.
>>62202647>Ruins the apartment with no survivors. God speed, brother. Rip.
never inherit a tenant with a property, thats just asking for trouble
>>62202721/biz/ - Business and Finance
>>62202647You'd have to be retarded to be a landlord. Not worth it at all.
>74>retired contractor>smoking>can't make a $475 payment in current year when he's loaded on social securityWhat a fucking rat. This why you move to evict the second someone fucks up on rent. The second they break any terms of the lease. You don't want retards in your units. It's also why you charge 10-20% above prevailing market rates, to instantly filter out all the riff-raff. There's always someone who'll pay it.
>>62202647>waa waaa I'm entitled to live here for $475 a month forever and I'm going to smoke indoors too, if you don't let me, I'm going to throw a tantrum and kill myselfwhy are boomers like this
>>62202753Isnt that basically saying you want to force everyone to buy property to live in? If there are no landlords none can rent, so everybody has to buy have a place to live, even those who dont want to
>>62203019There used to be somewhat of a balance before every retard boomer started larping as a real estate moguls by debtmaxxing. They’ve been driving prices up for everyone
>>62202647I wouldn't landlord in my country because rentoid protection is too strong. You could have some fucking gypsy-brained retard in there who pulls out the flooring to make a camp fire with it in the living room, and if the fucker claims he has a fictional child that is currently sick, you are not going to get him evicted legally while the court decides to sit on it for the next 3-4 years or so.I guess the appeal is that you have something physical of value though. The passive dividend portfolio might perform similarly, but you cannot really point at it and say "that there is mine", it's just some numbers on a screen. It doesn't give the same (maybe misguided) sense of security.
>>62202753>and the people who really need this place to livemaybe those should pay the builders then?
>>62202888Heh
It’s called leverage, my nigga.Let’s say there’s a $500,000 house that you want to buy for an investment. If you put $100,000 downpayment, the bank will give you $400,000 with interest. You now have your hands on a $500,000 asset for which you paid only $100,000. Let’s say over 10 years of renting it out you profited a total of $250,000 after mortgage payments, maintenance, property taxes, etc. You pocketed an average of $25,000/year on a $100,000 investment. Oh and perhaps that house is now worth $600,000. You also gained an extra $100,000 on your $100,000 investment if you decide to sell (excluding bullshit seller’s commissions).Instead if you put that $100,000 into a cringe REIT giving you a generous 6% dividend. You’d have only made a total of $60,000 in divies over the same time. Granted, the dividend would grow larger, assuming the REIT’s price goes up. But it would still be far lower returns than the REIT.I think the whole system is bullshit though. For some reason banks decided it’s totally fine to lend you $400,000 on a $500,000 house. Meanwhile, if I wanted the same amount of money loaned so I could invest in a simple S&P 500 index fund (which has far safer and more consistent returns than real estate) on 5x leverage, I would be laughed away.
>>62202682The communist died and the capitalist lived.It's a win for the landlord
>>62203507the house isn't yours, its the banks property he just lets you live in it for the rent payments. in case you default, he keeps the asset.
>>62202682>destroyedHe unironically made more damages with the cigarrete smoke than turning on all the water like a fucking amateur, lol. Meanwhile the (((landlord))) is still alive and renting the unit to some other faggot. The tenant should have gone full Luigi on the landlord for him to win
>>62202647
>>62202982>>62202993You are a Scumbag.
Landlords are usually losers who just want to feel power over someone else.It's not a good investment so there's no other reason to do it.
>>62202888>flood damage>minor inconveniencesmom's boyfriends never taught you much about home maintenance, did they?
>>62202936>not fucking all the tenants yourselfcuck
>>62202647you don't understand yield chasingif everyone crowds passives, the yields crater into nothingsame shit with proprieties, if everyone were to ditch passive dividends/ bonds for homes, the supply shock would send rent prices to zero and yields on bonds to infinity
It's funny the landlord will now get sued and lose the house hwile sobbing he "didn't know it would end like that". People are disgustingly predictable with how they create confrontations that can only end in some kind of violence, then are shocked when it happens.
>>62203629who the fuck is renting a house where there's a ghost.
>>62202916the entire board is just actual posters like you and me trying to find alpha nad then a metric fuckton of retarded trolls or faggots coping about their dumb investments postin the stupidest shit you've ever seen.
>>62202647>be old man>24 yr relationship with landlord>realise you don't have long left>realise they realise>hope to just live out your last few years in relative quiet peace>redditor comes in>*cough cough* old white man, smells like ciggies in here!>ill have you know this property is rented to you well below market price>i think we can move you on and get quite scrumptious amount for my landlord boss>enjoy the streets, fuck the patriarch you old dick!>*old man literally kills himself*Holy shit, that redditor literally caused his death
>>62202916plus he would have contaminated everything the water touched since he was bleeding out into it for probably hours
>>62202982Once you reach a certain age, you stop giving a fuck about people or their faggotty opinions or what they think you should do or what they want from you.It's why PapPap will tell the waitress, in front of his whole family, that she's got a nice rack and a slender waist. Why does he say that? Because the waitress had a nice rack, and old guys say what they think. I thought it, so I should say it.>But your family will be upset.Don't give a fuck. She had a nice rack.>But the waitress will be upset.Don't give a fuck. She had a nice rack. Call the cops.>I need you to stop smoking in the apartment.Nope, I like smoking, so I will smoke in the apartment. Call the cops.This is just the final result of trying to make an old guy care about your faggoty opinions. He takes his ball and goes home (to heaven).
>>62202647because you cant dumbassreal estate lucrative because it is always a leveraged investment, the bank will give you millions of dollars to invest in real estate but no bank would ever give you millions to invest in stocks.your midwit mind is stuck comparing the profit on a 1 million dollar stock portfolio vs a paid off 1 million dollar house. thats not how it works
Imaging paying high property taxes and still renting to a suicidal chad at a net loss rent after 30 years, giga landcuck.
>>62205009enjoy:interest ratesproperty taxesreporepairs
