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If you read Evicted you'll find out what it's like to be a landlord in these places. I considered it a bit because of the profit margins but it's a nightmare o
by scarejunba 8y ago
If you read Evicted you'll find out what it's like to be a landlord in these places.
I considered it a bit because of the profit margins but it's a nightmare of a thing to do. Low income people have a disproportionate number of behaviours non-conducive to being rented to. They'll do things like put food down the sink, block it, then wash food in the tub and block that and so on. They'll smoke in the place and damage it. They'll stop paying rent because they wanted to treat themselves. Multiply that with the fact that you have to deal with a large number of them because your margins may look good but your absolute return is low and you will have trouble every month.
No moral judgment here. Just that it's not free to compete here. I, for one, do not have the stomach to evict a single mother with four children every month from my rental property that she's wrecked.