In some markets they tend not to do repairs, in some they do.
If you were being generous you could argue that landlords lose another 10% of the rent to repairs.
That still leaves a big fat 80% slice of the rents coming in which is free money.
If you were being generous you could argue that landlords lose another 10% of the rent to repairs.
That still leaves a big fat 80% slice of the rents coming in which is free money.
EDIT: Don't forget about property taxes! Those eat up a pretty big chunk of the rent too. They're usually a couple hundred a month. Let's be nice and call that 10% although it's generally much larger.