I posted elsewhere in this thread, some people want to rent. There is a market for legit renters without ripping them off. If it costs $2800 for my mortgage/hoa/utilities and I only charge $2800, I don’t see an issue. Any issues are coming out of my pocket at that price.
I don’t even know if I want to rent to someone, that’s a whole other set of headaches. I’d probably offer it to my kid, then move on. It’s not an income to me, but property is hard to come by, I would have to think about it. I’ve already paid into it, banks got their share, I went through a lot of trouble to get it, so it’s not like giving away tickets to a concert I couldn’t make.
Also I wouldn’t be “siphoning” anything, I’m renting what I own, just like toro car rentals. No one is making them do it. But my location is very great, near public transit, near two very recently built town centers, trails, lakes, etc. it’s not like they’re paying for a tent. Can move here for a year or so and find out it’s exactly what they want or what they hate.
I don’t even know if I want to rent to someone, that’s a whole other set of headaches.
I live with my elderly parents, taking care of them until they move into a nursing home or worse (although I’m not sure death is actually worse than a nursing home). In the meantime, I bought myself a small house nearby that I’m renovating and I plan to move there after I close out my parents’ house. I’m genuinely terrified of renting it out after having put so much time and effort into it. A lot of people rent in this neighborhood and I’ve seen firsthand what some tenants do to places.
But if I do rent it out, I’m a shitty scumlord? I’m a better person if I don’t rent it?
But if I do rent it out, I’m a shitty scumlord? I’m a better person if I don’t rent it?
this is my issue too. clearly the collective “landlord” that people are talking about are people that hoard homes and rent them out as an income. thats a bit much. but someone who just rents a single property, maybe in the city nearby where they used to live before they moved to a quieter area, i don’t see as an issue. a condo in a city could be a great place for a person to rent while they decide if that city is for them, or until their career takes them elsewhere. i don’t see renting as a problem
the problem in my opinion is these properties being bought up by corporations who follow no real set of laws and gouge renters in shitty apartments, coorborate with other apt buildings and price fix the area. that is a problem to me. renting from an older person or family who very possibly lived in the home you’re going to rent, so fucking what. do it or don’t, but don’t lump them in with corporation owned apt complexes and actual slumlords.
There is someone in this thread wanting to rent out a single room of a house since it’s now unused as their oldest has moved out, and they are being told they would be better off selling the house and downsizing. But what if their oldest is out of a job one day and can’t find a new one and is forced to move back? Too bad for them?
I do find it weird that all landlords are treated the same, like you said, large corporations renting out multiple buildings and doing the bare minimum are treated the same as an older person renting out a room just trying their best to provide a space for someone to stay.
Exactly. Just because someone rents a second home, doesn’t mean they’re shitty landlords. Turning it into a business and main income is where I draw the line.
I posted elsewhere in this thread, some people want to rent. There is a market for legit renters without ripping them off. If it costs $2800 for my mortgage/hoa/utilities and I only charge $2800, I don’t see an issue. Any issues are coming out of my pocket at that price.
I don’t even know if I want to rent to someone, that’s a whole other set of headaches. I’d probably offer it to my kid, then move on. It’s not an income to me, but property is hard to come by, I would have to think about it. I’ve already paid into it, banks got their share, I went through a lot of trouble to get it, so it’s not like giving away tickets to a concert I couldn’t make.
Also I wouldn’t be “siphoning” anything, I’m renting what I own, just like toro car rentals. No one is making them do it. But my location is very great, near public transit, near two very recently built town centers, trails, lakes, etc. it’s not like they’re paying for a tent. Can move here for a year or so and find out it’s exactly what they want or what they hate.
I live with my elderly parents, taking care of them until they move into a nursing home or worse (although I’m not sure death is actually worse than a nursing home). In the meantime, I bought myself a small house nearby that I’m renovating and I plan to move there after I close out my parents’ house. I’m genuinely terrified of renting it out after having put so much time and effort into it. A lot of people rent in this neighborhood and I’ve seen firsthand what some tenants do to places.
But if I do rent it out, I’m a shitty scumlord? I’m a better person if I don’t rent it?
this is my issue too. clearly the collective “landlord” that people are talking about are people that hoard homes and rent them out as an income. thats a bit much. but someone who just rents a single property, maybe in the city nearby where they used to live before they moved to a quieter area, i don’t see as an issue. a condo in a city could be a great place for a person to rent while they decide if that city is for them, or until their career takes them elsewhere. i don’t see renting as a problem
the problem in my opinion is these properties being bought up by corporations who follow no real set of laws and gouge renters in shitty apartments, coorborate with other apt buildings and price fix the area. that is a problem to me. renting from an older person or family who very possibly lived in the home you’re going to rent, so fucking what. do it or don’t, but don’t lump them in with corporation owned apt complexes and actual slumlords.
There is someone in this thread wanting to rent out a single room of a house since it’s now unused as their oldest has moved out, and they are being told they would be better off selling the house and downsizing. But what if their oldest is out of a job one day and can’t find a new one and is forced to move back? Too bad for them?
I do find it weird that all landlords are treated the same, like you said, large corporations renting out multiple buildings and doing the bare minimum are treated the same as an older person renting out a room just trying their best to provide a space for someone to stay.
Exactly. Just because someone rents a second home, doesn’t mean they’re shitty landlords. Turning it into a business and main income is where I draw the line.