San Francisco has banned RealPage, a software company that computer-generates recommended rents for landlord clients in what some are calling a price-fixing scheme. It’s a step toward curbing rent-raising collusion between landlords.
I own my home. I may rent it out when I retire because I sure as fuck won’t have any money. Maybe we’ll get an RV or move to the Philippines. Dunno. But I need to get paid on that home.
For one, renters are likely to fuck shit up, because it’s not theirs, they have no stake in the property. They may simply be ignorant and ignore problems that cost $100 to fix today, $1,000 to fix tomorrow. Also, I need to buy extra liability insurance.
Then there’s routine stuff. When my ex and I bought the place we took payday loans for 2-months just to get the tools and stuff we needed to care for the place. And nearly everything we bought was used. Paid them off responsibly and quickly, but it was costly.
Ever priced a new roof? Hell, within the last 30-days our sink stopped up, the washer died, fridge finally died. and that’s only the big stuff. Even buying off FB, that was $1,000 in new appliances and repairs. Oh, and the hot water heater leaks, but that’s under control for the moment. And the roof needs patched. I’m scared to even price that, can’t afford it ATM anyway.
So yeah, I need serious “profit” just to break even.
EDIT: Do you idiots think I’m currently renting this home? FFS, try reading from the beginning.
So yeah, I need serious “profit” just to break even.
That’s a contradiction in terms. To break even is by definition not a profit. To make a profit, you need a surplus after you minus expenses from revenue. If landlords were content to just break even, I wouldn’t necessarily have a problem with them. In fact, I think not-for-profit housing could go a long way in addressing the housing affordability crisis.
I own my home. I may rent it out when I retire because I sure as fuck won’t have any money. Maybe we’ll get an RV or move to the Philippines. Dunno. But I need to get paid on that home.
For one, renters are likely to fuck shit up, because it’s not theirs, they have no stake in the property. They may simply be ignorant and ignore problems that cost $100 to fix today, $1,000 to fix tomorrow. Also, I need to buy extra liability insurance.
Then there’s routine stuff. When my ex and I bought the place we took payday loans for 2-months just to get the tools and stuff we needed to care for the place. And nearly everything we bought was used. Paid them off responsibly and quickly, but it was costly.
Ever priced a new roof? Hell, within the last 30-days our sink stopped up, the washer died, fridge finally died. and that’s only the big stuff. Even buying off FB, that was $1,000 in new appliances and repairs. Oh, and the hot water heater leaks, but that’s under control for the moment. And the roof needs patched. I’m scared to even price that, can’t afford it ATM anyway.
So yeah, I need serious “profit” just to break even.
EDIT: Do you idiots think I’m currently renting this home? FFS, try reading from the beginning.
That’s a contradiction in terms. To break even is by definition not a profit. To make a profit, you need a surplus after you minus expenses from revenue. If landlords were content to just break even, I wouldn’t necessarily have a problem with them. In fact, I think not-for-profit housing could go a long way in addressing the housing affordability crisis.
Yeah you’re really not beating the allegations here, bud.
I hope that house turns you under.