Yes, the landlord is going to make a profit, but that’s going to be true of literally any service that’s being provided by a private entity, especially when they’re carrying a large amount of risk.
But it’s disingenuous to claim that there’s no benefit to tenants in a rental situation. They don’t have to worry about having to unexpectedly drop $30k on a new roof or HVAC system, or finding and dealing with contractors to do maintenance (or finding the time and energy to do it themselves).
In the house I own yet could not afford to rent I have no issue with those unexpected costs because I am able to save the money that is not going to a landlord in order to pay them.
The renter is paying for the cost of a new roofer or HVAC system anyway, whether the home ends up needing one or not, and they have zero say in how or when it happens.
Yes, the landlord is going to make a profit, but that’s going to be true of literally any service that’s being provided by a private entity, especially when they’re carrying a large amount of risk.
But it’s disingenuous to claim that there’s no benefit to tenants in a rental situation. They don’t have to worry about having to unexpectedly drop $30k on a new roof or HVAC system, or finding and dealing with contractors to do maintenance (or finding the time and energy to do it themselves).
In the house I own yet could not afford to rent I have no issue with those unexpected costs because I am able to save the money that is not going to a landlord in order to pay them.
The renter is paying for the cost of a new roofer or HVAC system anyway, whether the home ends up needing one or not, and they have zero say in how or when it happens.