TotallynotJessicaenvironmental rule
[object Object]They create housing supply by consuming the housing supply and skimming a profit in the middle.
Nothing unethical about that. Nope.
If the landlord doesn’t increase rent like crazy and just follows the market or under the market is that better? Given that they try to do their best to complete requested repairs and everything to make tenants happy?
Sounds like that is trying to provide a fair service. But the landlord-lease arrangement structure will always encourage abuse in the long run due to the power dynamic.
I’m not an academic but maybe a co-owner / management model could be more equitable.
That’s a property manager, not a landlord. Property managers work to manage the properties, landlords just own stuff and get paid to tell property managers to do it all for them.
Some landlords don’t have property managers. Even if they do, what’s the harm? Everything still gets fixed on a timely manner and if prices are at or below market
Because now they are draining income from tenants without providing services. Landlords don’t work, but get money, not just from thin air, but from the people who live in those places. To pay enough for the landlord and the property manager it requires more money than just a property manager. Not to mention landlords have no one stopping them from just increasing rent if the laws don’t stop them and they raise it with other landlords (which is happened right now). What are people going to do? Move? To another place that’s just as expensive? Plus moving is expensive by itself.
I see what you are trying to say, but its missing huge chunks of what’s happening in actuality.