If you buy a house and rent at market rent, it’s still hardly cash flow positive.
If the landlord has many long term tenants who pay an extremely low rent, it could be an ongoing bleeding for the landlord.
Maybe for the apartment where rent is below 50% of the market rent, we can require tenant to make repairs since they save a lot of money on rent. If the tenant is low income, then city and taxpayers should pay for the repairs. Landlord already made a tremendous sacrifice by renting the property at really low rent, that should be good enough
If they save $1000 on rent per month, can’t they afford to buy a smoke detector or kill the bugs? If they can’t afford, can’t the city and taxpayer give the low income tenant some assistance fund for repairs? Landlord gives them $300k rent subsidy each year, why can’t the city and taxpayers spare $100 for some smoke detectors?
Who is the most disgusting guy exactly?
This is an alternative truth.