[quote=bearishgurl][quote=jstoesz]renters pay prop taxes too, only the prop manager is the tax collector…
It doesn’t matter how we are taxed, only that we are taxed so much for so little benefit.[/quote]
If the local rents will bear the landlord collecting at least PITI on a fairly recently purchased property, then maybe. Many individual landlords of SFR’s and condos cannot get this amount.[/quote]
All, if not most, professional landlords are not the ones paying property taxes — their tenants are. Any LL who is running in the red every month is NOT a professional landlord — they are alligator owners, and many of them will end up losing their “investments” over time. It’s frightening to think that people are still buying “investment” properties where they are losing money every month. This mentality means the bubble is still very much inflated, IMHO.
