Why don't a lot of people consider landlording a "real job"?

[belamyi]

Re: Why don't a lot of people consider landlording a "real job"?

In short, they are not part of any bigger group or institution, they do not rely on anybody else's sympathy or influence, and their activity consists in reminding people of the least affordable of all bare necessities in life.

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And it is considered a rather "aristocratic" way of earning money.

 

[Telstra]

i considered landlording (own afew houses or lots of houses) an investor.
They ''invest'' because they own the product (houses) and do very little work compared to actual work most people do like tradies, hotel workers, nurses ... etc

 

[Dominus]

i considered landlording (own afew houses or lots of houses) an investor.
They ''invest'' because they own the product (houses) and do very little work compared to actual work most people do like tradies, hotel workers, nurses ... etc

LOL I beg to differ. You're thinking of investors who have money oozing out of their ears. Those of us who started out with nothing have to (1) buy crappy properties that no one else wanted, (2) do 90% of the work in rehabbing the properties ourselves, and (3) do all the maintenance ourselves.

I don't know if this was by design or not, but the system makes it extremely difficult for those of us who started out at the bottom to climb up the ladder. So far, there's been stumbling blocks left and right every step of the way.

You have this romanticized fantasy about an investor starting out with a boat load of cash tossing it around buying a house with cash, hiring an entire crew with cash to renovate the place, and using a management company to manage the property.

Actually, I know a few investors who did just that. After just 2-3 houses, they're broke.

Fun fact. It cost up to $600 to hire someone to replace a window. It takes me about 2 hours to replace a window. Material cost is about $150 for the new window. Multiply it out by a whole house of windows, doors, trims, drywalls, toilets, sinks, faucets, etc.