3 ms·
>Presumably they have dozens/hundreds of workers to manage those units? Correct... which makes being a landlord exceptionally easy. All you have to do is have
by oldstrangers 2y ago
>Presumably they have dozens/hundreds of workers to manage those units?
Correct... which makes being a landlord exceptionally easy. All you have to do is have enough money. There is no cognitive or physical load that a landlord is required to carry, you simply open your checkbook.
- gruez 2y agoAt that point you're more of an investor than a landlord, since you're farming out all the hard parts to someone else.
- ms-menardi 2y agoThe difference is, investments can go bad if the company fails. A landlord never loses their money because they own the land. If a resident trashes their place, well they have insurance for that, better call the contractors to fix it up.
- throwlandlords 2y agoA friend of mine manages money for a multi-billionaire that made his money in real estate. He told me once they were walking by a block of brownstones in Manhattan and the guy didn't even know he owned most of the block. So you don't even need to know what you own as a landlord, you just pay other people to know it for you!
- Aloha 2y agoEverything is easy if you have enough money.