[gruez]

>That's why landlords are able to own hundreds to thousands of properties / units.

Presumably they have dozens/hundreds of workers to manage those units? I'm not sure how "number of units owned" is indicative of easiness. A quantitative trading firm has billions of dollars under management. Does that mean it's even easier to be a quantitative trading firm?

[oldstrangers]

>Presumably they have dozens/hundreds of workers to manage those units?

Correct... which makes being a landlord exceptionally easy. All you have to do is have enough money. There is no cognitive or physical load that a landlord is required to carry, you simply open your checkbook.

[gruez]

At that point you're more of an investor than a landlord, since you're farming out all the hard parts to someone else.

[ms-menardi]

The difference is, investments can go bad if the company fails.

A landlord never loses their money because they own the land. If a resident trashes their place, well they have insurance for that, better call the contractors to fix it up.

[Aloha]

Everything is easy if you have enough money.

[throwlandlords]

A friend of mine manages money for a multi-billionaire that made his money in real estate. He told me once they were walking by a block of brownstones in Manhattan and the guy didn't even know he owned most of the block.

So you don't even need to know what you own as a landlord, you just pay other people to know it for you!

[beefnugs]

The problem is that there is no incentive to "make less profit" by hiring management companies, they just jack up all rent (and dozens of other dirty tricks like collusion) to cover it