Depends a lot honestly - in my experience, there’s two types of landlords.
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The person that inherited/bought an apartment, but doesn’t want/can’t live in it right now (because it’s really remote, for example). They often buy these as “retirement homes”, so something they can live in when they no longer work. While they don’t live in it, they rent it to other people. The reason for that often is because their job requires physical presence and renting an apartment near their job is just cheaper if you factor in rent from the bought property.
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Large corporations that buy up houses left and right, make a few minor changes that classify as “modernizations” and then jacking up the rent by 33%. Those can go fuck themselves.
This omnious “landlord” that owns like 10 properties and only lives off of the rent is rare. I know a single person that does that, he inherited a company from his dad, sold it like 30 minutes after he became owner, built 3 houses with 4 apartments each and is now chillin. And I don’t even feel like that’s a “bad” thing, because he has literally built those houses - they would not even exist without him.
nroth@lemmy.world 2 days ago
There are some people who own a bunch of properties and their job is maintaining them and dealing with the paperwork. And then there are some people who passively collect income and have a management company do that with no real connection to the place…
spankmonkey@lemmy.world 2 days ago
They are basically investors in the housing market when their money makes its own money without their direct involvement.