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Not all landlords min/max for peak financial outcome. My landlord for 15 years raised rent exactly once when property taxes had a large jump one year, and was
by phil21 1y ago
Not all landlords min/max for peak financial outcome.
My landlord for 15 years raised rent exactly once when property taxes had a large jump one year, and was already under market when I started the first lease.
His mortgage was long paid off and he optimized for least hassle vs max money. Worked out for both of us - I called him maybe once a year at most, and he had a decent passive income stream reliably come in without worrying about 2am phone calls because a $50 thermostat broke. He had a nicely appreciated property to sell in his eventual retirement.
It was a 3BR place with a yard larger than I own now. Granted fit and finish is nowhere comparable, but I pay about 4x in mortgage and taxes than what I was paying him for about 1.5x the space.
Such arrangements are increasingly more rare as everything becomes a finance game, but they can still be sought out and developed.
- bluefirebrand 1y ago> Not all landlords min/max for peak financial outcome An enormous number if rentals are owned by private equity not by individuals, so rental markets are pretty dominated by landlords min/maxing for peak financial outcome