| ▲ | nerdralph an hour ago | |
My wife and I have a few rental properties that I manage. They are investments, chosen based on return on investment and equity (ROI/ROE). Maintenance costs were factored into those calculations. We take care of repairs not because our job is "providing the service of housing", but because we are honest and would not sign a lease (or any contract) in bad faith. When the lease says the property includes appliances, then we ensure broken appliances are fixed or replaced promptly. If/when we can't make a reasonable ROE on a rental property, we don't cut corners to squeeze a bit more profit out of it, we sell it and invest the money elsewhere. | ||