r/technicallythetruth • u/Enraged__ • 7d ago
The job that a lot of people want!
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u/beattusthymeatus 7d ago
Real talk factory security guard. Especially if you don't have to check in truckers. I spent two years guarding a factory watching YouTube videos doing online classes playing video games and getting up to walk around the place once every like 3 hours that shit was the easiest job ever.
After that, I worked the night shift in a rural county jail. After locking down the inmates like 4 hours into my 12 hour shift it was also just big chilling watching Netflix finishing up my degree and bullshitting with the other officers but that came with a government pension and benefits. Occasionally shit goes down, though, but it's never any real danger. The worst thing that happens is a bruise here or a black eye there but the majority of violent inmates are only pissy when they first come in and they're too high or drunk to fight good
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u/LazerWolfe53 7d ago
I imagine security is easy until it isn't.
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u/kitigen777 7d ago
Depends on how much you're expected to do but I worked as security at a large retailer and was specifically told not to confront a shoplifter or otherwise risk getting into any sort of physical confrontation. If someone was doing something they shouldn't I should call the police.
I was only paid $10 an hour though so while I wasn't doing anything I wasn't making much money either.
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u/Dragongeek 7d ago
At least in modern countries, most security guards are there for liability purposes, to discourage pretty crime of opportunity, and to call the police.
They are not expected (or paid enough) to risk their life for the merchandise/property they are guarding, and most retailers and similar places will explicitly have non-confrontational policies.
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u/jeo123911 7d ago
Then you call security. For real, this was the explanation we were given at one of the places I worked at. I asked what happens when a door alarm goes off, I call to check with the staff if it's false and they respond that it's genuine. Boss with a straight face tells me that then we're supposed to call security and points out the number in the contacts book.
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u/ArjunDOnlyHero 7d ago
“If you want to squander your potential and disappoint everyone, you should just become a politician.”
-Chichi, DBZA.
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u/No_Statistician8615 7d ago
Being a politician is just a matter of frustration. Because politicians have very little inclination to work.
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u/skunkwoks 7d ago
“Share holder”
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u/teems 7d ago
Everyone who has a 401k, low index mutual funds, Vanguard, Roth IRA etc is a shareholder.
So basically a huge percentage of working Americans.
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u/DialecticalMonster 7d ago
"Workers and customers should own part of the means of production"
"Wait not like that"
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u/thesteeppath 7d ago
those people aren't living on it. 'shareholder' is not their 'job.'
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u/neato_burrito406 7d ago
.... Yet. That's literally the goal of retirement.
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u/thesteeppath 7d ago
yes. retirement.
where you don't work. :P
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u/neato_burrito406 7d ago
I'm not sure what the point is. Is the point that shareholders don't work or retired people don't make money?
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u/Mr_Safer 7d ago
How could you be technically correct but so wrong at the same time...
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u/lyfe_is_a_nyghtmare 7d ago
To be fair, it does take a bit of mental gymnastics to believe that everything in the world should be for profit.
Must be tiring.
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u/LazerWolfe53 7d ago
People don't appreciate how much money money makes. 1 million dollars makes more money than most Americans. You don't have to be an investing savant or business magnate, you just have to have money. There's a saying in investing: the first million is impossible. The second million is inevitable.
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u/Orisara 7d ago edited 7d ago
Parents worked their ass off on their business, began earning money and sold their business for a couple of millions.
It's fucking depressing remembering my father use his bike(don't worry, not in the US) to save on gas and do extra work in the evening for peanuts only to begin his business and suddenly that money he saved and the money he made throughout the years working hard is made basically passively.
500 extra/month for some evenings of work and maybe 100 saved on gas became 2k/day by doing way less simply because of what he owned now.(the part he owned at that point he did work hard for initially for a few years)
Owner vs working class is real and my parents have been on both sides.
The combination of stupidly hard work and MAJOR luck again and again made it possible for them. Also sold their business just before the war when it began tanking and after it benifited from corona so that timing easily earned them millions.
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u/SkiTheBoat 7d ago
It’s fucking depressing remembering my father use his bike(don’t worry, not in the US)
Can you explain the parenthetical part? I’m in the US and bike to work most days
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u/sin_piel 7d ago
But you still have to arrange something for this money to be making money. If you just keep it on your account it slowly gets eaten by inflation and that's it.
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u/cerebud 7d ago
So many people don’t know landlords. I was a landlord of a small house I used to live in. Didn’t make anything off it, was just hoping the value of the place would continue to rise. Breaking even was fine. I had another job to pay my bills. However, most of the renters I dealt with were awful. One was literally shitting in the back yard because she clogged the toilet. ‘Why didn’t she call me or a plumber?’ She had five people living in my 550 sq ft home, and I rented it only to her. The neighbors ratter her out, thankfully. I have literally dozens of stories like this. The weekends I lost having to fix things up is time and money I won’t get back at this point. Sold the house for more than I paid for it, but it totally wasn’t worth it.
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u/cwolph 7d ago
Yeah the amount of absolute horror stories I've heard from flippers/landlords is scary. There is a large chunk of the population that does not seem to know how to take care of literally anything. And anybody that argues they'd take better care of their own property can fuck off, if someone is that crazy and irresponsible they would wreck their own property even more. I know it's a mental health crisis/product of society but damn it's happening too often.
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u/Troglokhan 7d ago
See there's two sides of that coin. I was an excellent renter when I first moved in to my place now, but after multiple attempts to get my landlord to fix anything even close to correctly, and her sending in someone to patch things and cut corners to save her some money, I've given up. I'm not going to care more about a place than the person who owns it. So yeah, some renters suck but most landlords don't exactly encourage or inspire great behavior from their tenants either.
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u/IntriguingConcept 7d ago
I had water leaking from my ac vent in the ceiling every time it rained. I informed the landlord, and they sent the maintenance man out to check it out.
He told me it was just condensation from the air conditioning, but if it happens again, let the landlord know.
It happened again while it was raining so I contacted the landlord and she said, “oh that happens in my place, too! It’s just something we have to deal with!”
Rent increased 35% last year.
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u/AfraidOfArguing 7d ago
Perhaps if there was an incentive to fix your own things, such as ownership
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u/Zarkanuu 7d ago
You realize that landlords by law have to fix pretty much anything wrong with their properties? You don't need an incentive to fix anything if it'll get fixed for you at no cost.
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u/cwolph 7d ago
I'm talking about people that wouldn't even remotely take care of their own houses either so they missed the point. I'm talking about those folks that even if they had their own house, would just hoard garbage and let it go to ruins. There are plenty of people who do that to their own houses due to their upbringing and mental health. I'm not trying to put them down I'm acknowledging the problem, I'm not trying to praise landlords either. It's a simple fact that many people do not learn how to take care of themselves in the first place, unfortunately.
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u/woodguyatl 7d ago
I have bought hundreds of houses from private owners. Ownership does not increase levels of maintenance. Good renters are good owners and bad renters are bad owners. It is a personality thing. For example, living in a house full of dog poop is not something you do just because you don’t own the place.
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u/CompetitiveTortoise 7d ago edited 7d ago
Definitely truth to this, anyone looking to become a landlord should look into the income statistics beforehand because it's not just easy money and a ticket to rich-street. In Canada, statcan reports ~25% are operating at a net annual loss (higher rate in US estimated by pewresearch), with the median annual profit below $3000 (yes, $3000, I didn't miss a 0). Most landlords are private individuals with a small number of properties/units. For them, the real money in it comes from holding an appreciating asset long-term while having the costs and taxes associated with ownership offset for the short-term. They're either retired, or have full-time jobs of their own.
In this case, it's not a full-time job, and it's not supposed to be, but dense work does come in spurts. You can expect to at least lose a few weekends with no real control over which weekends they will be, plus any time needed to supervise contracted work, the days/evenings wasted waiting to meet people who just never show up, and being the on-call for whatever, whenever.
A big off-putting factor for younger people is it often means buying your first home and continuing to live in rental conditions in close proximity to your tenants. People put a lot of value in having their home be theirs when they buy it.
That's all assuming you have good tenants...
Doing it as a career is a different matter and does become a 9-5 with the number of units you'll need to manage, you would be well advised to have some sort of professional background or experience you can leverage, and burnout is a real problem. Even for people who are employed by larger companies that provide income security to manage properties with resources at their disposal, it can be a pretty high-stress job and isn't for everyone.
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u/datonemonk 7d ago
Being a landlord is the absolute worst shit in the world because you have to deal with all these ignorant cunts as renters.
I worked in retail for 10 years which is one of the absolute worst jobs you could have and I'd still take that every day of the week over being a landlord. It's so stressful.
I have a family property that I cannot get rid of but I cannot afford the $3000 in bills every month so I rent it out to help cover the costs. The amount of stress I have to go through every month dealing with tennants is crazy. People really just expect to live for free and act like I'm a criminal whenever they need to pay me the rent for living in my property. Like they don't understand real estate costs money even if they owned it themselves.
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u/CaveatRumptor 7d ago
A good landlord is always at work maintaining or improving the property.
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u/JfizzleMshizzle 7d ago
My landlord is really good, anytime the ac or heater wasn't working he was was either out himself or had someone come out to fix them within the day. He doesnt bother us, and didn't raise our rent when everyone else was charging $400-$500 more per month just because they could.
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7d ago edited 7d ago
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u/sharkk91 7d ago
Sounds like your one landlord was way more than decent. I’d charge your ass as much as possible for flooding a unit
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u/Odd_Calligrapher_407 7d ago
We had one of those until his realtor daughter decided to take interest. Downhill fast from there…
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u/BrokeAssBrewer 7d ago
My landlords incredible. Sure a fix here or there is a little janky but he knows when to call a professional and he hasn’t raised hilariously low rent for the area in 5 years. I do stupid little fixes on the easy stuff because I genuinely like fixing shit and rents never been a second late so he wants me around just as much as I want him. Good situation
Edit: for reference we have a 4 bed 2 bath house within 20 minutes of Boston for <2k a month. 550sq ft studio around the corner is $2200→ More replies61
u/Patimation_tordios 7d ago
Yeah but most of them aren’t good landlords
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u/woodguyatl 7d ago
Silly. The vast majority of landlords are very good as are the vast majority of tenants.
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u/No_Silver_7552 7d ago
And we can quantify this how?
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u/Large_Natural7302 7d ago
Well, when you rent from a management company that owns 700 units and they suck, that's going to skew the data quite a bit.
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u/Ok_Salad999 7d ago
That’s not a landlord, that’s a property manager.
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u/gibmiser 7d ago
Yup. I have a friend who does property management for a landlord. Landlord does a little bit here and there, but nothing hands on. All the hard work goes to property management, landlord sits back and gets passive income.
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u/SoFuckingThis 7d ago
Found the landlord
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u/crypticfreak 7d ago
Despite the circle jerk it is true. At least for landlords that aren't total scumbags because those def exist. And landlords don't really make a profit, either. Usually they're at a loss but when they do make money it's forced to go back into the property they own.
I do not own anything but my grandpa is a landlord and he's the sweetest guy alive. He works his ass for for his property and makes nothing off of it. Hell he still rents out full sized duplexes (3 BR and 3 baths with one being a master bedroom, 3 floors, with built in fireplace and full sized deck) for 500 a month.
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u/CileTheSane 7d ago
landlords don't really make a profit, either. Usually they're at a loss but when they do make money it's forced to go back into the property they own.
My parents had 4 or 5 rental houses at one time. Yes, they took care of the properties but this idea of "Landlords operate at a loss" is complete BS.
And this was 20 years ago before rental prices went completely insane.
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u/crypticfreak 7d ago
20 years ago might as well be a different universe.
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u/Zizekbro 7d ago
Yeah things have gotten more expensive not less expensive, so I’d imagine landlords are still making bank.
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u/ScreenshotShitposts 7d ago
Even if the rent is less than the mortgage, they are basically buying a house for an insanely reduce price. Of course it’s at a profit
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u/No_Silver_7552 7d ago
Your anecdotal evidence might not accurately reflect everyone else’s experiences.
Lots of people don’t turn a profit until they hit a certain point on the mortgage. Lots of first time landlords can’t afford super nice places so they lose money renovating and doing repairs.
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u/Gojira_Bot 7d ago
Being able to pay off the mortgage because someone else is paying you is profit
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u/CileTheSane 7d ago
Your anecdotal evidence might not accurately reflect everyone else’s experiences.
Did you reply the same thing to OP? Or is their anecdotal evidence okay, while my anecdotal evidence in response is somehow not?
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u/EveningMoose 7d ago
My parents didn't make any money until mortgages started getting paid off, and they worked a ton on weekends to do turnovers and to fix up new houses.
And this was both 20 years ago, and right after the crash.
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u/Chroiche 7d ago
Getting your mortgage paid off is profit. Just because you don't see cash doesn't mean you're not making profit.
Property value increasing is also profit.
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u/Junior_Arino 7d ago
Sounds like they made money it was just being reinvested into their properties
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u/WongFarmHand 7d ago
And landlords don't really make a profit, either.
oh they just do it out of the kindness of their hearts? lmao what the hell is this comment
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u/Dragongeek 7d ago
The big moneymaker isn't renting, it's property values increasing over time and then selling. For many landlords or "real estate investors", renting (to private citizens) is just a way to cover costs while waiting for property value to rise.
It's a bit different when you rent space to companies or commerical entities, but renting to people is not particularly lucrative as far as business models go.
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u/WongFarmHand 7d ago
renting (to private citizens) is just a way to cover costs while waiting for property value to rise.
even if property doesnt rise, gaining equity every month is gaining money. hell, even if they fall slightly its gaining money every % of the property you own more
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u/Dragongeek 7d ago
Sure, but if I have a $1m hunk of cash, I'd rather put it in some index fund that runs like 10% growth per year for no work at all on my part.
If I instead buy real estate for that $1m, I'd need to squeeze $100k out of it per year in profit to match that, and I'd still need to cover repairs, insurance, tax, and other legal fees (plus potential litigation). Sure, the value of the property might appreciate, but that's a bit of a gamble.
Maybe my option is colored a bit because I live in a country where rent is rather low (strong govt and lots of rights for renters), but I see so many people (particularly on reddit) that see "landlordship" as some sort of fantastical money-printing machine when it's really not.
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u/Kambhela 7d ago
You wouldn’t buy one million worth of real estate though. You would buy ten million worth using your hunk of cash as downpayment and rest covered by loans. Those loans and upkeep costs get covered by rent.
If individuals and corporations were not printing money with being landlords the entire rental industry would be government run welfare program.
And I mentioned corporations. Do you know what kind of corporations absolutely love doing real estate rental? Ones related to long term wealth generation like pension funds. Why is that? Because it is a game where it is almost impossible to fail at unless you are a total moron.
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u/Large_Natural7302 7d ago
In many parts of the US renter's have very little rights and few options due to investors buying all of the homes. This means that supply and demand are both controlled largely by the landlords leading to insane housing costs.
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u/MyAnusBleeding 7d ago
He needs to charge market rates instead of “nice guy” rates and he’ll make money
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u/No_Mark_1231 7d ago
Am LL. Can confirm that I put a lot of effort and money into my properties. Cannot confirm I am losing money. Unless your landlord has 0 business acumen they likely make money, even in HCOL areas where the monthly spread is negative they have equity capture. Maybe not as much as expected cash flow though. Average for my area is $100 profit per unit (with a 25% savings of the total for vacancy, maintenance, and CapEx)
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u/Sonova_Vondruke 7d ago
I agree, I don't think corporations should own homes, or at the very least require a specific license with regulations to rent them out. ... But it's not really "passive income", if you're a decent human being. Problem is, it's a tough job if you actually care about your tenants... and most don't.
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u/LordXavierIII 7d ago
Land lords don't usually profit unless they rent out multi-family properties. The ones that rent out houses usually don't cash flow, but gain equity. Your grandpa may charge $500 a month and be a good guy, but I haven't seen rents that low my entire life. Even in the early 2000's I paid 600 a month for a 400 sq ft apartment.
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u/Luckj 7d ago
My rent was $400 a month 10 years ago. It was a ranch where got the entire basement and half of the main floor. The other half was a small business that would give us $60 a month towards utilities as well. Just depends on location I guess.
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u/quite_largeboi 7d ago
They make profit by literally not having to pay for the houses they buy???
Idk what risk there is at all. There’s a housing crises so there’s always tenants even if u neglect the property. The tenants literally buy your house for you at great expense to their lives & families. Idk how anyone doesn’t cringe into a ball any time someone says anything like “oh the poor landlords”. Fuck the landlords. Ppl should get equity in their houses by rent payments + we should make it illegal for a house to be empty for more than 30% of a year. That would put an end to the leeches real quick & crater the net worth of those gaudy waste of space skyscrapers.
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u/bmtc7 7d ago
That's exactly the risk, that it can sometimes take time to rent out the property. It's really easy to say "oh, it will fill right away", but that's not always the case.
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u/No_Silver_7552 7d ago
You don’t know what the risk is?
Units staying empty, tenants trashing a place, major repairs and plenty more.
They make profit in like a decade while carrying a good amount of risk that entire time.
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u/xiangyieo 7d ago
If the pipes need fixing, sometimes the good landlord can help clean your pipes too.
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u/PrivilegedPatriarchy 7d ago
That's a property manager. Most "small" landlords will also act as property managers, but they are two very separate roles. One is very necessary and useful, and the other is a leech.
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u/TheRavenSayeth 7d ago
How is it inherently evil to own property that someone would like to rent?
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u/oneyeetyguy 7d ago
Because by hoarding property, one would be artificially inflating ten prices of property which restricts lower income families from ever getting on the property ladder.
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u/crypticfreak 7d ago
But people are renting because they cannot (or don't want to) buy, for whatever reason. So by landlords not existing anymore those people just wouldn't have options. Our society and economy would need a complete rewrite to change that.
Landlords provide a service that people need. Complaining is one thing but saying that they're all evil scumbags is odd and a huge Reddit moment.
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u/crypticfreak 7d ago
You're arguing with me about something I didn't even bring up.
I also find it funny you say:
hint: it's a variety of reasons
Inside a comment that is shitting on me for saying "for whatever reason". I didn't say that as a slap in the face to people. I said it because people may be able to afford housing but still will rent. Or they are saving up. Or they can't afford it. Or there are other factors such as inheritance. I said it as a blanket statement for everyone to fall under, not because I hate renters or am an asshole.
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u/DaveManchester 7d ago
"For whatever reason"
Because greedy cunts buy all the property and rise the prices up.
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u/bmtc7 7d ago
Or for a myriad of other reasons, such as not being sure if you will be in the same area for 5+ years, or not wanting to deal with house maintenance.
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u/CileTheSane 7d ago
There are many people that want to buy but can't because landlords have bought up the available property.
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u/wherebethis 7d ago
There are also many people who want to rent (and not buy) more temporary living conditions, and landlords provide that service.
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u/SasparillaTango 7d ago
So by landlords not existing anymore those people just wouldn't have options
If land lords didn't exist property prices would drop thereby making houses more fiscally available to purchase instead of rent.
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u/Readvoter 7d ago
And a lot of people would be homeless. Like, oh great, now a house in our city is $800,000 instead of a million dollars. Doesn’t help me if I’m dirt broke.
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u/send_noots 7d ago
You’re taking housing away from someone that needs it and charging for it. Housing should be a human right not a for profit business.
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u/Mobile-account-888 7d ago
Sometimes you want to rent and not buy a property even if you can afford it for all sorts of reasons. I am some one doing that right now.
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u/sukezanebaro 7d ago
Ikr? Even if homes were cheaper and affordable, there would still be some people who would like to rent a property while they're saving up.
Therefore renting isn't inherently bad, it's scummy practices which are bad.
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u/WongFarmHand 7d ago
you think most people renting dont want to own a home? or are you talking about like 2% of the renting population?
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u/Brtsasqa 7d ago edited 7d ago
How is it inherently evil to own property that someone would like to rent?
How has it become a completely normal and accepted concept that there exists a role of people making money by providing absolutely zero benefit for society?
It's one thing that you can inherit a large amount of wealth and never have to give anything back to society, because you slowly deplete that wealth instead of working. At least in theory, such a system can exist indefinitely - all the wealth that's being spent, has to be earned by providing value at some point.
But by inheriting a large amount of property, you can never give anything back to society and still die richer than you were born. Your children can inherit even more property without society having seen a single benefit of your existence. Plain and simple, it would be a net benefit for society for you to never exist.
Thinking long-term, it's not a sustainable system. There is no mechanism - theoretical or practical - to prevent the monopolization of property. Whoever starts out with the most when we hit the breaking point from "We don't have more houses because we can't afford to build them any faster" to "We don't have more houses because livable space on earth is finite (and the strain we can put on the environment before creating unlivable conditions for ourselves is even more limited)" has an inherent advantage - without contributing anything - in acquiring additional property.
Even an otherwise perfect meritocracy, is nothing more than a stepping stone to feudalism, as soon as you include landlords. Sooner or later, your merit will not define your resources anymore, because whoever owns all livable space can simply charge you for existing for everything you ever earn. There is no mechanism from stopping a small "elite" of acquiring all available property and acting the exact same as the land owning class did in feudal times. Times that we pretend to have left behind us because we collectively agreed that they suck.
Now all that being said, I don't think it's inherently evil to be a landlord. It's immensely fucked up that we, as a society, allow the role to exist. But we do, so it does. Unless every single person decides that owning property you don't need and haven't provided any value for is morally unacceptable, selling your property instead of renting it will achieve nothing except reducing your family line's chances of ending up with property they can live in, while increasing the chances of whoever buys it. For many problems you could say "the more people decide to do this, the better a place the world will be, so I'll go ahead and do my part." But in this instance, "doing your part" would only accelerate the monopolization of property into the hands of people who consider landlords morally acceptable.
Some problems simply can only be solved systemically. By having a clear majority saying that something is not okay and forcing everybody to abide by this rule.
So if I were to call anybody 'evil', landlords themselves wouldn't even be first in line, but instead anybody propagandizing or voting against society collectively moving away from the existence of landlords. Somebody saying "I think this limited role we designed is extremely overpowered, and I vote to remove it, but since you all say it's perfectly fine, and I have the chance to assume the role, I'm going to do that before I'm stuck behind you douchebags who think this is okay", seems less problematic to me than voting to allow that role to exist.
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u/CileTheSane 7d ago
How is it inherently evil to own property that someone would like to rent?
When they are owning a 2nd property and renting it to someone who would rather own it themselves, but cannot because property is a limited resource.
It's scalping.
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u/lyfe_is_a_nyghtmare 7d ago
So my landlord has spent literally 0% of his time since I moved in doing this. And this is par for the course.
I've lived in plenty of places and by your logic I've never once had a good landlord. At this point perhaps we're just imagining they exist.
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u/ItWorkedLastTime 7d ago
Nah, if you are actually good at it, you have a property manager handling all the menial stuff and your actual work is actually purchasing additional properties and finding creative ways to finance them.
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u/D4ngerD4nger 7d ago
But why would they though?
It is not like there are enough appartements that people can simply move to a better one.
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u/grea_reisen 7d ago
Why would they improve property. They had make sure everything running, anything outside of it is expense.
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u/nakmuay18 7d ago
I was a shitty landlord because i tried to maintain it lkke i lived in it. When I first met my wife we move in to her place and rented mine out to see how it went.
Asshole tenets flooded it because they were high as fuck and left a faucet on, trashed the stove, punched holes in walls, let there dogs piss on the deck all winter, etc...
It's very difficult to be a good landlord and make money, unless you can pay off the place out right or you find a really good tenant that's stays. I had a nurse, a mental health councillor, and dental hygienist that were all cunts, then I took a risk on a casino croupier and she was awesome.
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u/WasabiCrush 7d ago
There it is. People like to generalize and shit on landlords, but tenants aren’t always a walk in the park, either. These homes get completely trashed.
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u/nakmuay18 7d ago
Your home becomes a rental car. If your willing to run it like a business and remove all ethics you'll do fine, if you treat it like your home, you might as well just get a part time job instead
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u/WasabiCrush 7d ago
Absolutely. Coming to terms with the fact that often renters are walking into that structure knowing off the bat they’re not getting their deposit back so why-give-a-shit is just part of the gig. I’ve a buddy who rents his house out. He’s a fair guy and wants to do right by people, but the experience has been primarily awful for him. He’s selling.
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u/nakmuay18 7d ago
It's such a shame for the good tenant that just want a place to live. If something like a stove is worn out, I'd have no problem replacing with an upgrade, but then the next person comes in and fucks up the burners doing hot knives and cracks the glass and your down $1k. Might as well ignore it for as long as possible and replace it with a second hand piece of shit for $100 that will break in a year anyway. I'm glad to be out of it
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u/WasabiCrush 7d ago
You and the friend I mentioned share the exact same sentiment. He’s given up under the realization that no good deed goes unpunished.
He pulled carpet in this place between renters a few years ago and redid the hardwood underneath. Came over one day to work on the water heater at the renter’s request and they had a motorcycle partially dismantled in the living room on those floors. That’s where they worked on the fucking bike. And the place has a garage, but they had it so jam-packed with shit that there was no room.
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u/So_diz_tretas 7d ago edited 7d ago
Yeah, you can't expect any degree of common courtesie or caring from people when it's not their property that's involved.
I always took good care of the appartments I rented, but my landlords were luckily also always pretty good. Any problem I noted, the next day there's a guy solving it.
It helps that I always rent in Tier 2/3 cities, where they cannot find a new tennent at the drop of a hat.
It also helps that I tended to go above minimum rent, I'd want to pay for something nice and not just the cheapest thing.
Now I have my own place, but overall I did not had a bad experience for the 5yrs I rented.
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u/4GotMy1stOne 7d ago
Eh...there's middle ground.
I've owned 2 condos that we rented out, and a vacation home. We rented the condos at a slightly lower than market price to people whose credit was not good, but had always paid their rent. Tried to give them a chance. Two single mothers were both fine, sometimes late but that didn't bother us much. The punk drug dealer had the 2nd floor unit broken into, resulting in an insurance claim for us. Thankfully he wanted to leave after that. The couple with 2 kids who always paid late trashed the place. We have a judgment for $6k that we will never see. We had a single dad rent one for 7 years. We specifically waited until he bought his new place to sell the unit. Why? Because we adored him. Twice in 7 years he was late because of circumstances and we waived the late fee. We just didn't want it. He needed it more than we did. He never asked for anything, never took advantage of the things we did offer. We didn't increase his rent unless our HOA expenses went up. When he moved out, we had to simply shampoo and stretch the carpet (not his fault) and do a fre minor things. He took such good care of the place. And now? He's our friend. He's a mechanic and we trust him with our vehicles. We even helped him get an arrangement with a place we bought a car from to work on their vehicles. We loaned him $5k for his business. He asks our advice about business. A totally rare situation, I realize, but it can happen.
The vacstion house? Oh, please. People took things, moved and broke furniture, allowed their dogs to chew on woodwork, left stains on stuff, broke things and hid them, food wrappers everywhere. But also, they left things behind for others to use--games, decorations, seasonings, plastic food containers, misc kitchen stuff, firewood, etc. Left sweet notes. But it was not very relaxing for us to go there because we always saw things we wanted to get done. So every weekend getaway became a working vacation of sorts.
We took care of things as asked for. We worked our tails off getting these places ready. Treated our tenants with respect. Treated our investments with respect. Was it reciprocated? Sometimes.
So we made a lot of money, but not as much as we could have. And I'm okay with that because we did right. Not every tenant sucks, and not every landlord sucks.
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u/call_me_howdy 7d ago
No, no, no... we're allowed to generalize and stereotype landlords as evil, but any story of a tenant that floods or destroys a propert either by living there or because they were evicted for literally just not paying their rent, THAT'S anecdotal.
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u/No-Internal-2162 7d ago
In my experience, property will be improved between tenants or only once in a long time in the case of long-term tenants, except the things that the tenant specifically mentions... Unfortunately, like any capitalist scheme in the United States, or any ceo or shareholder anywhere, landlords never want to take the hit when things go wrong; they pass it all to whoever they have power over
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u/TomsRedditAccount1 7d ago
The trick is to think of it as an investment, not as an expense. Spend a bit of money now, and make a little bit extreme money each week. On a related note, comfortable homes attract better-quality tenants.
Unfortunately, there are some landlords who won't spend money, no matter how many times I try to explain that.
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u/1nc0rr3ct 7d ago
The only good landlord is an ethical landlord, and by ethical I mean former.
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u/Commercial-Brief9458 7d ago edited 7d ago
I guess the landlord hate makes more sense when you live in more expensive parts of the country or when most of them are of the corporate variety? many of them where I live are old, retired wage earners who held onto their first home, or else it belonged to their parents, and they opted not to sell it. Not poor by any means, but they have more in common with the average man than they do with wallstreet or the political establishment
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u/GallantGentleman 7d ago
It much depends on the landlord. there's good and bad ones, no matter whether it's corporate or a small pensioner.
The landlord of a friend's mother had exactly one property: a small house with 4 apartments he rented out. And this was all he did since retirement. And honestly he was basically harassing his tenants. It's a local custom to have a Christmas wreath mounted to your door. The door even had a hook for this very purpose. He took her to court over hanging the wreath (where the judge in his chad ruling said if the hook and door survived 2 world wars, it will survive a Christmas wreath which is btw an improvement of the bleak stairwell). And he would just be trying to control and harass hits tenants over petty small things wherever possible while raising rents to the max he's legally allowed to (or more).
It's not only the big corporations, some people as with every profession are just dicks.
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u/Captn_Platypus 7d ago
Shhh this is Reddit, moral arguments can only be boiled down to “based” or “cringe”, and landlords are cringe.
Seriously tho, small landlords that also acts as property manager are fine imo (as long as they’re fair and do their job), it’s the corpos that buy up homes at marked up prices to raise housing price in the long term that’s real shitty.
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u/Megantheegelding 7d ago
Who the fuck has gotten so out of touch they think maintaining a property doesn’t require work?
How the fuck do you think all the things that were broken by the previous tenant aren’t broken when you move in?
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u/veryblanduser 7d ago
Who the fuck has gotten so out of touch they think maintaining a property doesn’t require work?
Renters
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u/stuffofnitemares 7d ago
Absolutely false. The large majority of landlords are also doing the maintenance work on multiple properties and units. My landlord works 50+ hours a week, and yeah, he makes like $250K, but it comes at a cost.
You should see the bullshit that people do to his houses. He recently spent seven weeks replacing the wood floors in and entire house of his because his previous tenant destroyed them so badly that he couldn’t justify keeping an original 1940’s era hardwood floor.
The lazy sots this post tweet references are few and far between, and are generally hated by the other landlords who have to deal with their crap.
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u/100FootWallOfFog 7d ago
I'm currently about to head to my duplex for the 4th weekend in a row after having to gut it because the tenants who stopped paying me rent in December, were finally removed by the courts in February but kindly left me the worst German cockroach infestation my city has ever seen.
Like, we don't normally have cockroaches in this area wtf...
Edit: I copied this comment from another of my replies because it is relevant and I don't want to keep typing this story.
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u/LivingroomComedian 7d ago
I realize people that usually hate landlords are the ones who don’t pay rent. Lived in building where that one person hated the landlord…then got evicted after a year of non-payment. Barely saw the landlord nor had problems (because I paid my rent lol)
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u/ManualSummer 7d ago
I'm a Software Testing Engineer, very low intro requirements, and if you work from home, you can basically laze away your days while occasionally fulfilling a client request. I basically feel like a paid NEET. Good companies will even fund training courses for you so you can search for the same job but better paid elsewhere.
The initial pay is shit but that's what you get for being stress-free.
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u/SardonicVampire 7d ago
I thought you had to be able to develop or at least be the SME on the software you were testing to be able to test it, is that not true?
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u/OverallResolve 7d ago
Not at all. You need to be able to understand the business requirements and learn to be able to use the software you’re testing. It’s useful to be able to have some tech understanding so you can better profile or report on failed tests, but you don’t need to be a software engineer or SME.
If you’re doing automated testing it’s different as you’re having to build or configure tooling for that.
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u/therenaishment 7d ago
Haha gotta love how every front page subreddit rapidly turns into agenda posting
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u/TomsRedditAccount1 7d ago
That logic would apply equally well to anyone whose primary income is from investments. Hating landlords is just the bandwagon du jour.
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u/_N_S_FW 7d ago
Landlords have always been hated tf are you on about
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u/Comfortable_Line_206 7d ago
It's definitely gotten worse the past year. And of course it did, no one can buy right now.
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u/colonel_beeeees 7d ago
Yeah fuck anyone who's primary income is from investments, fucking leeches
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u/100FootWallOfFog 7d ago
Sooo fuck people who retire on their 401ks I guess right? Fucking Roth investment leaches trying to not have to work until they are in the grave, what pieces of shit
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u/squier511 7d ago
What do you mean? How does an investor take 1/3 of my monthly income just to sit around?
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u/SkiTheBoat 7d ago
The fact that you think they just “sit around” confirms your ignorance.
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u/100FootWallOfFog 7d ago
🙄
Yeah I sit around all day at my full time job and then spend my nights and weekends repairing my duplex after a shit stain renter like yourself has spent the last year destroying my property.
I'm gonna raise rent again I think.
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u/alteredizzy1010 7d ago
I mean yea if you get cheap ass price hill landlords then its easy because they don't do anything but most landlords care
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u/ItsDMnotPM 7d ago
What people don’t understand about landlords is that they probably (with emphasis on probably) had to work very hard to gain the starting capital needed to become a landlord and don’t have time to deal with your broke ass.
My dad managed a vacation rental and he was always out of the house because somebody had done some stupid shit. I’d assume it’s the same with a landlord.
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u/tacobellbandit 7d ago
I landlorded two rental properties. It’s a lot of shit work if you’re doing it yourself
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u/MetaverseSleep 7d ago edited 3d ago
I own a house and rent it out. Had a tenant there for the past 2.5 years and he just moved out. I've been working on fixing up the yard, painting the whole house, making improvements, cleaning almost every day after work and most weekend days 10+ hours for the past few months. Plus I had to spend 10k to get carpets replaced and replace the deck that was starting to rot.
It's definitely not "no work". Maintaining a house is expensive and takes time if you don't want your property to fall apart. Plus add in property taxes, home insurance, umbrella insurance so you don't get sued and mortgage interest (if you have a mortgage on it). At this point I'm thinking i might be better off selling and putting my money in high yield savings.
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u/luffmatcheen 7d ago
My parents own a rental property that they worked their asses off to save up for and buy; they then had to work even harder to repair it and make it fit for human habitation. They don't have a management company so they had to make an hour drive each way to address issues, no matter what time of day or night. They've had to evict multiple deadbeat pieces of shit that wrecked the place and never or barely paid any rent. All subsequent repairs, and there were plenty, were either performed by them or by someone they had to pay. All that to say anyone who thinks being a landlord is some sort of cakewalk is either a moron or a lazy, entitled, whining piece of shit.
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u/Present-Winter-2475 7d ago
background and credit checks if applicable for location I've heard it reduces a lot of the troubles
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u/DEATHSTENCHBALLS 7d ago
I get so many spam texts saying, “I’m a house flipper in your area that owns a lot a rentals and I want to buy your house.” Fuck off back to your fucking swamp you goddamned leeches!
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u/Comfortable-Bad-7718 7d ago
Lmao why would anyone want to sell to a house flipper anyway
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u/doctorctrl 7d ago
I plan to rent my first apartment out when the wife and I eventually get a house. The rent will pay for the mortgage but won't be enough to pay the homeowners association (frais de copropriété) well be at a lose monthly. Good in the long run but i won't be quiting my job lol
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u/WongFarmHand 7d ago edited 7d ago
gaining equity and increasing your net worth every month does not = 'lose monthly'.
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u/doctorctrl 7d ago
You know what I mean dude. Can't buy food with gold. Yes my equity will be rising every month but what i have to pay for food each month will be stricter. I understand how it works. The renters laws here in France protect renters and I'm very happy about that. Landlords can't abuse the tenants like they could back home in Ireland. That's why I moved here. Being a landlord is not lucrative like in Ireland or the US. It's my retirement plan. My wife and I don't earn enough to save. So this is our best hope for any sort of retirement. Not way to make income monthly. As is the point of the post i was commenting on. Any value made won't be accessable or practical unless i sell. Which defeats the purpose of using it for retirement. The post asks about a job to make money without doing anything. Where i live that's not the case, is my only point. Not that it's not valuable.
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u/CrossENT 7d ago
Remember the landlord who made a TikTok video unironically saying that landlords deserve tips just as much (if not more) than waitstaff?
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u/MLG_Casper 7d ago
Yeah he waa onto something 🗣🗣🗣
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u/CrossENT 7d ago
Or on something.
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u/100FootWallOfFog 7d ago
I've spent the last month gutting my duplex and exterminating the cockroach infestation left behind by my last tenants, who were evicted for non payment of rent even though I tried multiple times to help them with payment options, extending their time to pay, not charging any late fees etc... I had to dispose of every major appliance, the carpets, the cabinets, most of the hardwood floors are damaged and can't be refinished so I'll be covering those with more carpet. That's not even addressing the smell and garbage that they left behind. Not only did they ruin their own unit, but the adjoining unit as well. So the very nice people next door who I like and get along with, now also have to deal with this nightmare.
So no, I'd say the dude was definitely on to something. But you're right, I'll just raise rent instead.
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u/Sp3ctralForce 7d ago
*Slum Lord
A good landlord will do a fair amount of work maintaining their properties and ensuring that they deserve the rent money
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u/hildebrot 7d ago
If being a landlord was so easy more people would choose to be them. It isn't. Dealing with tenants is hell.
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u/MajorMathematician20 7d ago
CEO is pretty chill
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u/Philip_Raven 7d ago
in my job, being CEO is basically huge payroll boost before retirement.
Every single year it goes like this. new CEO is appointed, he steals money from the firm to build himself a mansion, buy stupid amount of cars and just generally steal money for his bank account. Next year he is "fired" and new CEO is appointed.
aaaand repeat. Best thing is, that everyone knows about it and even expects it. its literally taken as honorary position and you are expected steal money for yourself and then be fired
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u/InspirationalFailur3 7d ago
Is your company looking for a new CEO? I have experience getting fired, I seem like a perfect candidate.
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u/Zzupermann 7d ago
Sorry, you don't have the right amount of stealing experience we're looking for
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u/Soul_Like_A_Modem 7d ago
A CEO of a large, multi-national corporation is essentially a highly-paid sacrificial lamb. Things go south and they get all the blame for what went wrong, then they get a golden parachute and get out of dodge, having served their purpose.
A CEO of a small, growing company is usually a person with a sincere personal interest in the success of the company and its day-to-day operations. It's not unusual for the CEO of a start-up to have a deep understanding of the company's product(s), a personal relationship with most of the employees, and an ideological attachment to the mission statement of the company. These people are usually motivated by far more than just money, depending on the industry. Basically they take the success of the company personally.
I do not envy the CEOs of small companies I've worked for.
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u/OverallResolve 7d ago
People on Reddit really seem to misunderstand what being a CEO entails. I have never worked with a CEO or Cxx who hasn’t had significant levels of stress through work.
That isn’t to say other roles don’t have stress or that they are not well compensated (depends on company, country) but it’s generally not ‘pretty chill’.
Being accountable for a broad range of outcomes, being the public face of an org in crisis, potentially being liable in a legal sense if something goes wrong, regularly dealing with politics, etc.
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u/Soniquethehedgedog 7d ago
Reddits perception of anyone in any type of leadership role is like a 12 year olds. They’re clueless but they speak like they’re the authority
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u/Amorganskate 7d ago
Depending on the landlord, I know quite a few that actually maintain the property themselves and are on top of issues when their tenant has them.
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u/Political_Piper 7d ago
Strong disagree with this post. Landlords are constantly working, dealing with constant maintenance problems, squabbles between tenants, issues with payments, etc. It can be quite stressful
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u/lostredditor4868 7d ago
Being a landlord isn’t a job. You can tell who the people in this thread are who actually understand investments vs living pay check to pay check.
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u/100FootWallOfFog 7d ago
I'm currently about to head to my duplex for the 4th weekend in a row after having to gut it because the tenants who stopped paying me rent in December, were finally removed by the courts in February but kindly left me the worst German cockroach infestation my city has ever seen.
I'll be replacing every major appliance, the carpets, the cabinets, repainting etc...
I also have a full time job, tell me more about how being a landlord isn't a job.
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u/Sea-Pin9552 7d ago
Landlording is not a job it’s a side hustle which requires a lot of money to get into
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u/Delly_23 7d ago
but this mentality is why bad landlords exists. They don't treat it like a job and the tenant gets ignored or a half ass fix instead of a real one.
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u/uptopchickenbox 7d ago
Being a landlord is extremely difficult and stressful. It truly sucks at times.
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u/kittenzrulz123 7d ago
Being a politician is even worse, your entire job is following neo-liberalism as closely as possible while convincing people that you're somehow unique.
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u/DragonDai 7d ago
Landlord is a job in the same way as parasites are productive members of their ecosystem.
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u/No-Internal-2162 7d ago
...it depends on the developmental stage of the ecosystem. I see what you did there..
Edit: please do not use an analogy of the beauty of evolution to explain capitalist behavior.
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u/TomsRedditAccount1 7d ago
Evolution involves a lot of cutthroat competition, and killing. A constant struggle to survive and breed at the expense of others. It's not beautiful compared to capitalism, it's just another kind of brutal.
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u/TRiG993 7d ago
Lol recently bought my first rental property for exactly this reason. I don't want to work. I want to buy a boat and travel full time.
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u/averyfinename 7d ago
you're gonna need more than that one rental to pay for that boat.
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u/TRiG993 7d ago
Its a holiday let. Its a cute little flat in a touristy medieval market town with a lot of mountains to walk. I grew up there. If it performs as well as it's projected too, it would be enough to live off. And so far it has been. But I'm going to continue to keep working and saving my money from my job and everything the property makes. I also have my house that I'm currently living in. That will be rented out when I get my boat as i plan to live on it.
So now its just a matter of time. In about 2 years I will have enough to buy another holiday let and that will be me gone. Retired and traveling.
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u/1fuckedupveteran 7d ago
That’s what I do! Except, not actually. I buy raw land, set it up for real estate developers and then sell is for 6-15x what I paid for it. That’s sort of like a land lord, right?
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u/Necessary-Name9722 7d ago
You still have to work and maintain property. I met one time a person who owns 70 propertiea. Stuffs will break and he hired someone to fix stuffs
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