I don't think mine is losing money since it's been in a family trust forever. But most landlords aren't making any money. Everyone has owned properties forever

I don't think mine is losing money since it's been in a family trust forever. But most landlords aren't making any money. Everyone has owned properties forever and taxes are really low for them. If you're in that position it doesn't matter but it doesn't apply to a rent or own debate for current renters or potential homebuyers. But yes most landlords out here are lucky if they break even. They take tax write-offs and hope for appreciation. Cap rates in Cali are super low and prices are really high.