Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. ( gothamist.com )

bluGill , 10 months ago

Landlord should always have a few not rented places so that when someone is ready to move there is a place they can go. They also should be doing major remodels and upgrades approximately every 30 years which means a long stretch of not occupied.

bouh , 10 months ago

That’s called hostels or inns etc. Right now if places are empty it only means someone can’t come because it’s not for rent.

Keeping the place for repair is legitimate, but it’s not what’s done either. It’s be easy to make an exception for repair.

bluGill , 10 months ago

hostels and inns serve a different niche - temporary housing is important, but they don't give nearly as much space. If you want to live someplace for a year or more then you want more space for your stuff (how much is personal)

Shalakushka , 10 months ago

By major remodels and upgrades I assume you mean slapping a coat of white paint to cover the cracks and mold, right?

bluGill , 10 months ago

The coat of paint should be done every 5 years, or when a tenant moves out.

Major I mean things like replace the HVAC system, rewire to add GFCIs, replace windows with something better. If it doesn't cost $20,000 it isn't major. Most landlords do not do this, but it really should be part of the cost of doing business.