• tocopherol@lemmy.dbzer0.com
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    1 year ago

    If you have multiple properties you hire someone to do that work. ‘Landlords’ include property companies that own hundreds of units, which is the majority of ownership in the US. Do you think the owners of these companies are doing maintenance and dealing with tenants? The executives are in effect the landlords, and all the work they do is figure out how to make more money off of their company’s investments, aka figure out how to better extract income from tenants.

    • nodsocket@lemmy.world
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      1 year ago

      If you’re talking about the owner of a property company, that’s a company owner not a landlord. Still a tough job to run a company.

      • tocopherol@lemmy.dbzer0.com
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        1 year ago

        What does it mean to be a landlord then? Are you saying the properties owned by these companies have no landlord? I don’t doubt it’s a tough job to run a company, I still don’t think that justifies the amount of our profits we give up to ensure we have shelter.

        • nodsocket@lemmy.world
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          1 year ago

          Properties owned by a corporation do not have a landlord. They are owned jointly by a group of investors who assume the financial risk. You can be a property company investor too if you want, there are a number of such companies called REITs that sell shares on the stock market and return a quarterly dividend.