>so where is the renters money going exactly? I think with a lot of land lords, in high COL areas especially, the question of "where isn't the money going" is

>so where is the renters money going exactly? I think with a lot of land lords, in high COL areas especially, the question of "where isn't the money going" is obvious and more important. It's definitely not back into the property. It's not making improvements to make the property more amenable to tenants. No new windows/insulation. The cheapest utilities and fixtures. The worst part is, is that they can basically cash out whenever they want. People will buy the property to do the exact same thing.