this post was submitted on 11 Jan 2024
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So why don't you? What motivates you to not take that money to the stock market or start a business, if it's oh so hard being a landlord?
For us, it's because work required that we temporarily relocate. But we plan to move back in a couple years and we really like our house.
For others it usually has to do with the fact that selling a home costs 10% of the home's value after all fees are accounted for.
Then there is the other set of people who genuinely think the equity in a property is more lucrative than money in the stock market (depending on the market and timing, it could be, but it's ultimately a bet).
But I could ask the same question of every single person bemoaning the existence of landlords. If it's oh so easy to be a landlord, why don't they just become a landlord?
Probably because they don't have the capital necessary to become a landlord in the first place. If you have enough money, being a landlord requires literally no work at all.
For single family homes, I disagree. Property management is around 10% and you're not going to build wealth quickly by giving that much off the top if you only operate a couple rentals.