Yah, so does anyone even know the cost of multi-family housing ownership?

Literally tenants shit on the property 24/7, destroy things, sue the land lord, refuse to pay rent and the state protects them from eviction, fixed income rental properties, constant fact the landlord pays for all the upgrades. Cost of building maintenance (a new roof for example can cost 1/2 - 1 mill every 25 years, ect).

Look, some land lords are shit heads and my problem comes with pump and dump builders who build "high end" property with shit materials, but it costs A LOT of money to maintain the buildings and people constantly shitting on landlords gets old.

Actually understand the positions. You literally cannot make money owning property unless you have over 15 units. In fact, I am happy to go off the deep end and show the math 😅

A duplex typically yields (if it's good) $500/$750/month in profit if it's a good one. Prop management (if you don't self manage) runs 1 month rent + $125-$150/month plus a 10% vendor management fee.

So, thats a profit to the landlord of $350-$600 per month. Lets say shit head tenants ruin carpet (most do), carpet installs run around $3/square foot or cheaper if its Mexicans and you use shittire carpet. So I own property for one year, make like $4000, shithead tenant ruins carpet, there goes $2300, need to paint (because law), there goes $500, now I profit $1300, then 1 month placement fee for management to place new tenant. Boom, lost money.

It isn't as cut and dry as LaNd oWnErShIp Is eViL.

Much more complex situations than that.

Oh, and non homesteaded properties have SIGNIFICANTLY higher rates of property tax.

Thank you for coming to my ted talk.