Landlord only raises rent $20 in five years. What will happen?

[Nathan Gesner]

https://www.kold.com/2022/05/1...

I applaud her. She's using her money to help others. What I don't agree with is her insinuation that every Landlord charging market rate is creating homelessness. The market drives prices, not the individual Landlord with 12 rentals or even 500 rentals.

She sold for a premium in California, then bought in Arizona when the market was at a low. I'm willing to bet she was blessed with good timing and paid cash for these 12 rentals. Most investors work hard to save up for a down payment. Then they have to carry a mortgage. If they rented at 50% below market just to help out their fellow man, they would drive themselves into the poor house.

It's nice that she can afford this and is willing to help others, but how will she pay for a new roof? New carpet or paint? This property won't pay for itself when she's renting that far below market, so she'll have to continue putting money in.