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Every time you try to bring up the fact that landlords are lining their pockets (leeching) off of hard working people, you get capitalists jumping in and saying something like "landlords are common people too! They dont make that much, they have small margins!" Im here to prove that wrong. I worked for several landlords as part of my job. They are terrible people who see renters are nothing more than numbers in their books. They have no sympathy or emotional connection to their lives. They are only there to extract money.

Let me break down an example of a landlord I worked with. He owned an apartment building (24 units) with no full time employees and had a set number of expenses and profits that looked like this.

  • - Each unit rented for $1,600 with no vacancies = $38,400
  • - property taxes = $3,166 (Newmarket, ON)
  • - repairs for that month = $1,300
  • - upkeep/maintenance = $400
  • - insurance = $1,500
  • - Waste management = $40
  • - basic utilities = $360

$6,766 in total expenses - $38,400 gross rents = $31,634 in profit.

And capitalist might cry about how the landlord has a mortgage, so lets be outrageous and say 50% of that goes to the bank. Still profiting $15,817 from one small building. Also, there's this thing called "depreciation" which allows them to take off a giant chunk of thier reported income so they pay close to no taxes on that $15,817. This isn't including the other incredible amount of personal tax write offs they can make including car expenses, home offices, trips etc.

This is their idea of a struggling small landlord.

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