Being a landlord isn't a job and shouldn't be your only source of income. I don't know why these people think they should be able live off of owning extra houses.
For some reason they always neglect to read up on laws and to factor in risk with any investment.
Yes, investments have risks. Tenant laws (even if you think they are unfair) are a consideration in the equation, no one to blame if you took on way too much risk without assessing your risk tolerance.
if you didn't want to potentially suffer from this why didn't you just buy a REIT?
I don’t know why these people think they should be able live off of owning extra houses.
Because their parents did and their grandparents did and their great-grandparents did, etc, etc. Also, their richer peers told them that this would be "easy money".
Being a landlord isn't a job and shouldn't be your only source of income. I don't know why these people think they should be able live off of owning extra houses.
For some reason they always neglect to read up on laws and to factor in risk with any investment.
Yes, investments have risks. Tenant laws (even if you think they are unfair) are a consideration in the equation, no one to blame if you took on way too much risk without assessing your risk tolerance.
if you didn't want to potentially suffer from this why didn't you just buy a REIT?
people who justify their parasitism by claiming they take on the risk are always somehow shocked when the bad thing they risked happens
Because their parents did and their grandparents did and their great-grandparents did, etc, etc. Also, their richer peers told them that this would be "easy money".