Assuming this comment isn’t ironic: there is no such thing as a good landlord. Landlords are parasitic middlemen who live by leeching off the value created by workers. They contribute no value whatsoever.
This is admitted even in mainstream economics, its termed rent-seeking.
Okay, I’ll bite. I just bought a 4-bed/3-bath (actually 4 bathrooms, but bathroom math made it “3-bath”) because we are a family of four in an expensive tourist spot and wanted a guest bedroom for family and visitors. It just so happened one bed and a 3/4 bathroom is in an attached 1-bedroom apartment with its own kitchen and living room.
So when I retire, and my oldest is out of the house to college, we are thinking we could rent that particular part (at a very reasonable rate to people we know). It is part of the house, so I can’t sell it separately. So the choice is be a landlord, or don’t offer housing (I suppose I could make it an AirBnB and make even more money, but this area is already fucked for housing for that reason).
So if there is no such thing as a good landlord, what would you recommend in a situation like this? Let someone live there for free? Then they’d be costing me money. Don’t rent it out? AirBnB?
So when I retire, and my oldest is out of the house to college, we are thinking we could rent that particular part (at a very reasonable rate to people we know). It is part of the house, so I can’t sell it separately.
If you don’t need that space, then you might as well sell it and let another family make use of it instead.
Yours is not a unique situation; a lot of older people downsize when their kids move out, and they have a lot of extra rooms and space they no longer need. Its the right decision anyway, as you’re now free to be more mobile, and get rid of all the years of accumulated junk.
By being landlords or personally knowing landlords.
I swear my uncle is a good landlord. Keeps prices low, I swear he doesn’t rip off his renters. He would never do that.
If there were as many good landlords as I have heard this story we wouldn’t have any problems Kyle, sit the fuck back down.
Assuming this comment isn’t ironic: there is no such thing as a good landlord. Landlords are parasitic middlemen who live by leeching off the value created by workers. They contribute no value whatsoever.
This is admitted even in mainstream economics, its termed rent-seeking.
Okay, I’ll bite. I just bought a 4-bed/3-bath (actually 4 bathrooms, but bathroom math made it “3-bath”) because we are a family of four in an expensive tourist spot and wanted a guest bedroom for family and visitors. It just so happened one bed and a 3/4 bathroom is in an attached 1-bedroom apartment with its own kitchen and living room.
So when I retire, and my oldest is out of the house to college, we are thinking we could rent that particular part (at a very reasonable rate to people we know). It is part of the house, so I can’t sell it separately. So the choice is be a landlord, or don’t offer housing (I suppose I could make it an AirBnB and make even more money, but this area is already fucked for housing for that reason).
So if there is no such thing as a good landlord, what would you recommend in a situation like this? Let someone live there for free? Then they’d be costing me money. Don’t rent it out? AirBnB?
If you don’t need that space, then you might as well sell it and let another family make use of it instead.
Yours is not a unique situation; a lot of older people downsize when their kids move out, and they have a lot of extra rooms and space they no longer need. Its the right decision anyway, as you’re now free to be more mobile, and get rid of all the years of accumulated junk.