> Landlords seek high rents because they are capitalists and charge as much as the market can bear. I am a landlord. This is completely false. I rent out rooms

> Landlords seek high rents because they are capitalists and charge as much as the market can bear. I am a landlord. This is completely false. I rent out rooms in my house to help me cover the cost of living in my house. Lets take the property in SF you mentioned: property taxes: $1,600/mo mortgage: $10,253/mo [0] repairs: $1,269/mo (1% of home value / 12) total costs: $11,682 / mo zEstimate for rent: $5,495/mo net revenue: -$6,187/mo As a landlord, I want to get my rental income as close to the costs, so I can stop bleeding money on this property. I can't change my property taxes, mortgage, or repair costs, but I can push rent as high as can I can. Once my costs are covered, my next biggest fear is vacancy and bad tenants. One bad tenant will easily cost me $100k. My only option for bad tenants is to self-insure, and that self-insurance money must come from somewhere... [0] - https://www.zillow.com/homedetails/1273-Arguello-Blvd-San-Francisco-CA-94122/241586122_zpid/ https://www.zillow.com/homedetails/1273-Arguello-Blvd-San-Fr...