A landlord shows the $30,000 renovation of a 3-bedroom rental trashed by a heroin user, replacing appliances, bathrooms, and flooring. He pushes back on the idea that landlords are parasites, arguing they absorb real costs to keep housing safe and livable.
Chapters
I'm inside a heroin unit. While everyone's been bashing landlords about making money by renting buildings, we actually have to clean up properties and make sure that they look nice. This was an absolutely trashed unit. This is a 3-bed, 2-bath, full kitchen, full garage rental. While everyone calls me a slumlord online, I want to show you what this actually looks like. Clean everything, simple, but nice bathrooms. None of that beat up grouts and tile, just a nice place to live. Spacious designs with a front entry. Multiple bedrooms. This is a 3-bed unit, small living room, and the most important thing that definitely says that I am not a slumlord: matching appliances. Stainless steel, stainless steel, stainless steel, stainless steel. We do these things right. This unit was inhabited by a heroin user. We made the campus safe by non-renewing them and then spending a boatload of money to turn the unit. Before you get mad at me for charging rent, this is the space that I'm giving people, and we spent about $30,000 making the space habitable. So what, are landlords still parasites?