Because the last tenant put holes in the walls, their dog’s piss caused the floor to lift, and the shower they plugged then overflowed fucked up the bathroom?
So there are repairs to do in order to make the place livable and then time to find somebody else who won’t just wreck the place again?
Yeah there are lots of shit landlords but one of the continuing factors is the remaining good ones with a basement suite etc bailed after terrible tenants.
A vacancy tax is a good idea but there needs to be caveats for timelines especially if stuff like reasonable maintenance/repairs is taken into consideration.
Ironically my friends who bitched about “shit landlords” also happened to be the drinkin’ smokin’ big-dog-ownin’ types who were the worst type of tenants and ruined shit for everyone else
Sorry, that’s actually already factored into the cost of the rent.
The real reason why so many properties are vacant is that even though landlords know they could fill the vacant apartments by lowering the rent, there are companies that make money by telling landlords how much to set the rent for, even if they keep the apartments vacant. showing that they will make more money with less overhead by doing so, so that the decrease in hassle will justify the decrease in profit.
There are a couple of various lawsuits and actions that are going on about these companies right now, and we have yet to see how it’s going to play out. But, the cat is out of the bag, the genie is out of the bottle, the likelihood of rents returning back to something that people can afford with minimum wage income any time soon is pretty low.
Because the last tenant put holes in the walls, their dog’s piss caused the floor to lift, and the shower they plugged then overflowed fucked up the bathroom?
So there are repairs to do in order to make the place livable and then time to find somebody else who won’t just wreck the place again?
Yeah there are lots of shit landlords but one of the continuing factors is the remaining good ones with a basement suite etc bailed after terrible tenants.
A vacancy tax is a good idea but there needs to be caveats for timelines especially if stuff like reasonable maintenance/repairs is taken into consideration.
Ironically my friends who bitched about “shit landlords” also happened to be the drinkin’ smokin’ big-dog-ownin’ types who were the worst type of tenants and ruined shit for everyone else
Sorry, that’s actually already factored into the cost of the rent.
The real reason why so many properties are vacant is that even though landlords know they could fill the vacant apartments by lowering the rent, there are companies that make money by telling landlords how much to set the rent for, even if they keep the apartments vacant. showing that they will make more money with less overhead by doing so, so that the decrease in hassle will justify the decrease in profit.
There are a couple of various lawsuits and actions that are going on about these companies right now, and we have yet to see how it’s going to play out. But, the cat is out of the bag, the genie is out of the bottle, the likelihood of rents returning back to something that people can afford with minimum wage income any time soon is pretty low.
Don’t landlords dislike vacancies because empty units get broken into and vandalized, creating more cost?