That's just not how it works. If I was to call a plumber and a sheetwaller, and a painter, I would be paying $6-12k for a leak. This kills any idea of profit for this year.
What really happens is that I put on my big boy pants, I talk to the tenant, I visit the unit, I crawl under the house, I cut out the drywall, I remove and patch the plumbing, I replace the drywall, I mud the wall, and I paint the wall.
I could have it the way you suggest, pay 10% to some property manager and 1500-3000 for any call to any contractor but that means... I'd have to raise the rent, and not by a small amount.
At the end of the day I'm a housing provider, so I'd like to keep rents and vacancies low. This seems to be what tenants want too.
So yes, I'm doing the best I can, but no, my work is not encompassed by a phone call
A lease is a contract that both parties have agreed to. If the tenant breaks that contract, it should be terms for eviction. If the landlord breaks that contract, the tenant should be free to break the contract and move.
If the tenant does something criminal, sure, that's up to the police.
People who want to rent a flat want to tour it first, this makes sense. But in your situation the tenant in arrears has an incentive to make the unit look uninhabitable preventing it from renting.
Additionally, if they are behind on rent, the deposit will not be enough to handle both.
You were lucky to not have to deal with vacancies, non payments, turnover, rehabs, or capex. I don't think your experience is the common, and it certainly won't scale like that.
One tenant losing their job, getting some sort of medical issue, or even a poorly trained pet can reverse 2 years of profit. These happen all the time.
Personally, the keyboard jockeys talking about how easy contractors have it is hilarious, so I guess we both get a laugh today
> But the vast majority of such people's financial outcome is actually from being a landlord, that is doing literally nothing except holding a piece of paper granting them monopoly on a plot of land
This is how I know that you've never tried to run houses. If you hire out a property manager and all of your maintenance you are not making money.
I have to be an electrician, a plumber, a painter, a drywaller, an engineer, a salesman, a delivery driver, a businessman, an appliance repairman and a lawyer. And that's to make a measly 8% on my money.
> There is literally nothing to be produced! The land is there regardless!
No one rents bare land. They are renting a depreciating asset that you have to upkeep.
Yea yea yea, Henry George says that the value is provided by the citizens around your property. I call bullshit. The value is the shelter, the heat, the comfort. That's what people need.
I've been hyper fixated on mechanical watches this year, and I'm so happy to have this resource, it's clarified my gaps, and corrected multiple misunderstandings.
That's all true, and I had a great time in London and many eu countries.
Do immigrants have the same full rights as British citizens?
Would I be willing to re evaluate my visa every X years? Will I be willing to be uprooted if it's denied?
And how will childcare work when my elders are all here?
I think your post was correct as far as the state of the US, but your final paragraph is reductive. It's not always easy for someone to drop everything and uproot their life, even if it's possible
As far as I know python type annotations are not enforced at runtime, these are really just helpers or extensions to your local dev environment
It's interesting to me that Python requires third party tooling (mypy) but we are still giving credit to Python that it has all the tools it needs
Yes, complex systems have been built in Python but that's despite it's tooling not because of it
Our python applications are all mypy, and we have been experimenting with the uv solution as well. I'm glad that Python has type annotations and classes but it sure doesn't feel the same as a statically typed language
What really happens is that I put on my big boy pants, I talk to the tenant, I visit the unit, I crawl under the house, I cut out the drywall, I remove and patch the plumbing, I replace the drywall, I mud the wall, and I paint the wall.
I could have it the way you suggest, pay 10% to some property manager and 1500-3000 for any call to any contractor but that means... I'd have to raise the rent, and not by a small amount.
At the end of the day I'm a housing provider, so I'd like to keep rents and vacancies low. This seems to be what tenants want too.
So yes, I'm doing the best I can, but no, my work is not encompassed by a phone call