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The perspective is understandable to me. It's easy to imagine rationally leaving a place vacant for longer if you're very picky about who you rent to. It's a ti
by MrLeap 2y ago
The perspective is understandable to me. It's easy to imagine rationally leaving a place vacant for longer if you're very picky about who you rent to. It's a timed binding commitment you make with your tenants, that puts you both on the same raft at least a little.
That said, you're saying that you could charge 1.5k more for the place, but don't because you value other qualities in a tenant more, right?
On mass, I'd bet dollars and donuts that what we'd find is people being evicted, or threatened with eviction, in order to raise rents. Situations like "property values have gone up 10% this year and I was too low to begin with. they've got 6 months left on their lease, but if I evict them I bet I have more cache to keep the deposit and I can ~fix my prices~. Business!"
Maybe your principles wouldn't have you do that, but people statistically make self interested decisions like that more often than compassionate ones.
Balance compassion for self and others oughta be the guide.
- bdangubic 2y ago100% agree with everything you said! Yea, I didn’t really want to be a landlord, my wife got pregnant and requested a mandatory move to the suburbs. Bought a place and while I was moving two high school teachers approached me about renting it (this was in 2012). My wife and I decided to let them rent. we never wanted to make any money from it, the place itself, as you can imagine appreciated in value over the years, and we just take whatever money we need to cover the mortgage and condo fees. several friends that are landlords have had horror stories and I would rather not make more money I don’t need for a extra headache. what you are saying though is a core problem with writing sensible laws, if they are landlord-leaning the landlords will be evicting left and right to make a few extra bucks. if they are tenant-leaning you get families moving from minnesota do east coast that pay sec deposit and first month’s rent and then live in your place for 18 months without possibility of eviction (some covid laws are still in place…)