4 ms·
It sounds like you've never been a landlord. For small-timers at any rate, the main attraction is asset appreciation, and the second is tax subsidies. Excess
by ineptech 6y ago
It sounds like you've never been a landlord. For small-timers at any rate, the main attraction is asset appreciation, and the second is tax subsidies. Excess rent is usually the least important factor, and is often around zero, and can even be negative.
- o-__-o 6y agoMy parents bought a house when I was a kid. They struggled through bad tenants but were able to stay afloat when rent was not coming in. Fast forward 30 years, the house is literally free money for my semi-retired mom. The house rent pays for taxes and repairs and gives my mum excess money for the month.