system
A chat on subreddit /r/PoliticalCompassMemes
human
I'm a landlord with a 60k a year job.  Wife and I just saved up for a decade to get another downplayment rather than using equity from our first house when we bought our next home.  We needed more space with the kids and outgrew the old one. 

We were both pell grant students and ate off EBTs as kids. We're just trying to be more financially stable for our kids than what we had. We charge the same amount in rent that we paid as renters in college. Just enough to cover expenses while the mortgage is paid off.  

After providing people a place to rent while in college and making sure they don't destroy the place we'll be rewarded with a house we will downsize back into after the kids move out.  

People act like being a landlord is evil and exploitative, but I don't see anything wrong with what we're doing. I know there are shitty landlords but we try to do good in our community.
gpt
Props. 

I know you didn’t ask…..but

&gt;	We charge the same amount in rent that we paid as renters in college[…] providing people a place to rent while in college and making sure they don’t destroy the place 

Just saying…..things tend to not go your way sometimes. Are you financially secure enough to have an eviction and a gut rehab if you have a tenant that does trash the place/not pay?

I don’t own residential anymore, but I’ve only given rent discounts to tenants who served a purpose. I took over a 6 unit in Chicago years back with 3 vacancies. 2 tenants were drug addicts who had roaches on their floors =&gt; evicted. Last tenant was a sweet old lady who lived there for 25 years. I could eat off of her floors she kept the place so clean and nice. I cut her rent and in exchange she kind of became my narc and filled me in on who the trouble makers were. Every time I dropped by the building I would bring her food or a book…something nice to let her know she was appreciated. 

I’ve had tenants use the kitchen counters to open beer bottles. I’ve had them heat their home with their stove/oven because they paid their own gas bill but I paid electric and **surprise** started a fire. 

Be safe out there.