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Joined 1 year ago
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Cake day: August 5th, 2023

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  • That is incorrect. I can tell you’ve never rented to people rent is set by the market. Supply and demand.

    It doesn’t matter if the house cost 800k. If the market rent is 2k a month. That’s all you’ll get.

    In the area where I had my rentals, the houses are 500k but the rent is only 1k. Now I bought in 2008 and only paid 120k. So only lost some money but I made it up in tax benefits.

    People really don’t understand the economics of landlords. They think it’s all money in the pocket. It’s not. It’s a very thin profit margin with most the benefit being taxes.