4 ms·

>landlords have had a ridiculously easy ride in recent decades Why don't you try being a landlord and see how easy it is.

Joeboy 6y ago
This is awkward, but I actually am a landlord. From my experience, it's not much work and is very profitable, compared to other investment options. Hoping to stop being a landlord fairly soon, although Covid-19 has put a bit of a spanner in the works.
- ben_w 6y ago
  Likewise on both counts. I couldn’t take the flat with me when I moved from Cambridge to Berlin.
- macspoofing 6y ago
  Not awkward at all. Between the capital outlay (and the opportunity cost, and associated risks of that deployed capital), and the work you're doing - it's effort. It's not easy. Put another way, if it was easy money everyone would be doing it ... and yet, people find other places to put their money in. >Hoping to stop being a landlord fairly soon Too easy?
  - Joeboy 6y ago
    > Too easy? Not exactly, but it feels kind of vampiric. I bought the house with sitting tenants a few years ago without really wanting to be a landlord, and they're still there (strictly speaking the people they sublet to are still there). They're apparently planning to move out soon but obviously everything's on hold for the moment.
- dwaltrip 6y ago
  Why do you want to stop?
  - Joeboy 6y ago
    Because of the situation I describe in my comment above. I would rather not be part of the problem.
    - dwaltrip 6y ago
      Ah I didn't see your comment higher up. Thanks, makes sense.
xenihn 6y ago
If you think being a landlord is difficult, it's because you've made poor choices in regards to the location in which you decided to purchase property, what kind of rental property you own/maintain, and who you have chosen as your tenants.
- macspoofing 6y ago
  Yes. All those things come with being a landlord. Not to mention the opportunity cost of invested capital and time.
bluecalm 6y ago
Just because something is unjustly profitable doesn't mean you want to spend your life doing it. Let me complain about telemarketers, shady supplement makers or aggressive Internet advertises who make life worse for everyone else while collecting huge profits without requiring me to become one of them.
- macspoofing 6y ago
  >Just because something is unjustly profitable doesn't mean you want to spend your life doing it That's not what I said. It is not uncommon for people to claim X is easy or easy-money, when it actually isn't. >Let me complain about telemarketers, shady supplement makers or aggressive Internet advertises You can complain, and I'll probably agree. But if you come out and say that you make EASY money running a telemarketer operation, I'll call bull on that.

Joeboy 6y ago

This is awkward, but I actually am a landlord. From my experience, it's not much work and is very profitable, compared to other investment options. Hoping to stop being a landlord fairly soon, although Covid-19 has put a bit of a spanner in the works.

ben_w 6y ago
Likewise on both counts. I couldn’t take the flat with me when I moved from Cambridge to Berlin.
macspoofing 6y ago
Not awkward at all. Between the capital outlay (and the opportunity cost, and associated risks of that deployed capital), and the work you're doing - it's effort. It's not easy. Put another way, if it was easy money everyone would be doing it ... and yet, people find other places to put their money in. >Hoping to stop being a landlord fairly soon Too easy?
- Joeboy 6y ago
  > Too easy? Not exactly, but it feels kind of vampiric. I bought the house with sitting tenants a few years ago without really wanting to be a landlord, and they're still there (strictly speaking the people they sublet to are still there). They're apparently planning to move out soon but obviously everything's on hold for the moment.
dwaltrip 6y ago
Why do you want to stop?
- Joeboy 6y ago
  Because of the situation I describe in my comment above. I would rather not be part of the problem.
  - dwaltrip 6y ago
    Ah I didn't see your comment higher up. Thanks, makes sense.

xenihn 6y ago

If you think being a landlord is difficult, it's because you've made poor choices in regards to the location in which you decided to purchase property, what kind of rental property you own/maintain, and who you have chosen as your tenants.

macspoofing 6y ago
Yes. All those things come with being a landlord. Not to mention the opportunity cost of invested capital and time.

bluecalm 6y ago

Just because something is unjustly profitable doesn't mean you want to spend your life doing it. Let me complain about telemarketers, shady supplement makers or aggressive Internet advertises who make life worse for everyone else while collecting huge profits without requiring me to become one of them.

macspoofing 6y ago
>Just because something is unjustly profitable doesn't mean you want to spend your life doing it That's not what I said. It is not uncommon for people to claim X is easy or easy-money, when it actually isn't. >Let me complain about telemarketers, shady supplement makers or aggressive Internet advertises You can complain, and I'll probably agree. But if you come out and say that you make EASY money running a telemarketer operation, I'll call bull on that.