2 ms·
I doubt many landlords are making $1k+ in profits each month. Most of the rent is paying for the mortgage, property taxes, and other fees (all of which you wou
by betterunix2 6y ago
I doubt many landlords are making $1k+ in profits each month. Most of the rent is paying for the mortgage, property taxes, and other fees (all of which you would have to pay if you owned your own home). A landlord also needs to set aside money to cover costs on properties that are vacant (and even a landlord who only rents a single property will still face occasional vacancy in the best of times) or whose tenants are not paying rent. Then there are all the other things, like maintenance, insurance, and so forth. Whatever is left over after all that is the landlord's profit.