Comment by raw_anon_1111
2 days ago
If I were renting a house, I would much rather deal with a business than an individual landlord.
On another note, it’s amazing that in only a year, we accept a dictatorship where we are okay with the President setting policy that should require a law to be passed.
I've dealt with both; anecdotal but I had a much better experience with the individual landlord than corporate. Ex: AC went out in both cases; Individual land lord showed up with a replacement window unit the next day after I reported it. Corpo landleech ignored my ticket and calls for 3 days while I slept in a house that was nearly 90F inside past midnight.
Corpo landleeches nickle and dime you (base rent + rent payment fee + pest control fee + trash fee + valet trash fee + fee for the service that bills water/sewage + mail room fee + others I'm no doubt forgetting) (but they only advertise the base rent), and they like to push straight up scams ( such as forcing mandatory renters insurance at 3x the market rate, expensive "benefits" packages with everything from HVAC filter delivery to credit monitoring, all heavily marked up.). The individual land lord? just a flat rent every month, no surprises.
I'm sure there are plenty of horror stories about individual landlords though; the same greed drives both to cut corners and maximize profits.
The two times I’ve stayed in an apartment complex, they had staff onsite and repairmen and someone on call. The individual landlord doing this on the side is likely undercapitalized and operating on thin margins and not budgeting for repairs
The difference here comes from the distinction between corporate landlords that actually want a sustainable business, and corporate landlords that know they will never make the money back for either rent control or market reasons and so only care about extracting as much money as possible before the building falls apart.
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If I were a business whose interest in owning houses was banned by legislation, I'd sell my "services" to the individual landlords who now owned the rental property. Blackrock manages the financial part (taking rent, scheduled repairs) and the silent partner gets a cut.
That’s already a thing. Property Management companies charge landlords around 50% of the first month rent for a new tenant and 10% of the rent to manage the property for the landlord.
They also charge a lease renewal fee.
Then expand the scope to include all interested parties in the chain, whether owners or service providers.
So now you’re going to make it illegal for individual landlords to use external property management companies?
> On another note, it’s amazing that in only a year, we accept a dictatorship where we are okay with the President setting policy that should require a law to be passed.
Did you read the article? The impetus was a tweet where he called on congress to write and pass a law to this effect.
I think the point is that he said he’d do it, and he’ll campaign that it’s done, even if nothing happens.
This is not how the law works. The president shouldn’t be able to do stuff and ask Congress to sign off on afterwards
> In a post on Truth Social, Trump said he was immediately taking steps to implement the ban,