Then you start to get rent payments from your tenants (usually). It covers your mortgage payments, your insurance and legal fees and property taxes and maintenance costs mostly
Your tenants are paying more in order to cover the costs of you being a middle man here, yes. Nowhere in that list did you say anything a landlord provides, they just insert themselves in the middle, raise the cost, and pretend that doesn’t make them a parasite.
But at least you housed three families for your effort.
No, you didn’t. You denied housing for three families and the equity they would have recieved if you didn’t exist.
The landlord provides a rental arrangement for someone who can’t buy. It’s a service that has risk and requires an investment. Those three families presumably would have bought a house if they could. But since they can’t, the landlord allowed them to be able to rent.
Your tenants are paying more in order to cover the costs of you being a middle man here, yes. Nowhere in that list did you say anything a landlord provides, they just insert themselves in the middle, raise the cost, and pretend that doesn’t make them a parasite.
No, you didn’t. You denied housing for three families and the equity they would have recieved if you didn’t exist.
The landlord provides a rental arrangement for someone who can’t buy. It’s a service that has risk and requires an investment. Those three families presumably would have bought a house if they could. But since they can’t, the landlord allowed them to be able to rent.
If only they didn’t have to outbid Landlords for the property, or didn’t have to be the person to say “First!” They could have.