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If your job is to manage maintenance and the payment of taxes and insurance for a large set of housing units, that’s a job that could reasonably be paid a salary like any other job. Doesn’t require owning other people’s homes.
That is a job; it's a superintendent and they usually don't make that much money and have to work shit hours while the landlord just balances the books once month.
Once the accumulation gets going they'll also just pay an accountant to balance the books.
the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry
if being a landlord in those conditions such a burden I would simply let the tenants manage the property themselves
This is a thing. I forget exactly what it's called. An individual can act in the role of a bank. You buy a piece of property and "sell" the deed. The people who can't get loans through banks can instead come to you and buy your deed. They mortgage it from you as if you were a bank. They do a down payment and then pay off the deed over time. You don't actually give over the deed until the entire thing is paid off. Here's the fun part, you charge them a higher interest rate on it because they can't get approved through normal channels. They might have bad or no credit. Therefore they end up paying you more for a property they're essentially renting. People in a precarious financial situation like that are likely to not be able to pay at some point in the 10-20 years they're on the hook for buying your deed. If they don't pay you can just evict them and do it all over again. You're not a landlord in that you don't have to pay for repairs. It's up to the person to maintain it.
So imagine a poor person after 2008 finds one of these deals and begins a 20 year journey to pay off a property they don't actually own. Then covid happens in 2020 and they can't pay. All that time lost and they lose the property too. The owner now can just sell it for a premium to Blackrock.
Umm, akshually there are other costs to maintaining the property that I've arbitrarily divided so that I can hide from your point, sweaty.
The dipshit is clearly talking in terms of reimbursement for those expenses, not in terms of getting paid for the hard labor of writing a check (though they probably would make that argument if pressed).
And with that said, it's funny that the dipshit put "maintenance" in both sentences.
If you're "paying property tax and insurance" with the rent you collect from your tenants, you're not paying it. Your tenants are paying it
I love how bothered these parasites get when you point out the obvious truth of their bloodsucking
"So you do maintenance?"
"Oh no, I contract that out to a property management firm"
"So you do all of the Admin and financial work to ensure the property is maintained?"
"Oh no, that's my accountant's job"
"So do you do any labour except whine about how taxes eats your extracted surplus?"
"...i TakE On rISK!"
But not risks like a pandemic requiring eviction moratorium! That's not their risk to take!
They only took on the risks that don't exist.
If I'm guarding and maintaining your second house, I expect to be paid for the work. If instead money is stolen from me twice over, every landlord deserves what the kulaks got. Every single one.
If paying for maintenance and taxes is such hard work then everyone should get paid to do it.
If writing a check is a job, I should be reimbursed for paying my rent. Checkmate, landlords.
:morshupls:
Landlords explaining how owning things counts as a job
