Most are absolutely living month to month, not out of necessity, out of greed. Most have taken out many mortgages and are just passing the monthly rent from tenant to bank. Why pay off a property when you can just use that money as a down payment for a new property?
I’ve known a fair amount too and they always over leveraged themselves. As soon as they had enough for another down payment they would purchase another property. It could have been a different strategy or situation than the landlords you know. To the landlords I knew having aapartment vacant for two months was a serious financial issue.
Most are absolutely living month to month, not out of necessity, out of greed. Most have taken out many mortgages and are just passing the monthly rent from tenant to bank. Why pay off a property when you can just use that money as a down payment for a new property?
Every landlord I know is independently wealthy. They treat their properties as money makers so they don’t have to work.
Not a single one would actually have an issue if they didn’t get the rent that month.
Month to month implies that their house of cards comes down if they miss a month. This is simply not the case for most of these parasites.
I’ve known a fair amount too and they always over leveraged themselves. As soon as they had enough for another down payment they would purchase another property. It could have been a different strategy or situation than the landlords you know. To the landlords I knew having aapartment vacant for two months was a serious financial issue.
What about corporations and banks who rent out hundreds or thousand of apartments/flats/houses and they own them outright?