San Francisco has banned RealPage, a software company that computer-generates recommended rents for landlord clients in what some are calling a price-fixing scheme. It’s a step toward curbing rent-raising collusion between landlords.
So yeah, I need serious “profit” just to break even.
That’s a contradiction in terms. To break even is by definition not a profit. To make a profit, you need a surplus after you minus expenses from revenue. If landlords were content to just break even, I wouldn’t necessarily have a problem with them. In fact, I think not-for-profit housing could go a long way in addressing the housing affordability crisis.
You need solid profit up front to backstop you for emergencies and risk. I would be a one man, one house operation. I couldn’t spread the risk around like a corporate landlord with 100 or 1,000 properties.
That’s a contradiction in terms. To break even is by definition not a profit. To make a profit, you need a surplus after you minus expenses from revenue. If landlords were content to just break even, I wouldn’t necessarily have a problem with them. In fact, I think not-for-profit housing could go a long way in addressing the housing affordability crisis.
You need solid profit up front to backstop you for emergencies and risk. I would be a one man, one house operation. I couldn’t spread the risk around like a corporate landlord with 100 or 1,000 properties.