Do landlors consider themselves business owners? The few I know seem to treat it differently. It might be because they rent one or two houses/apparemments at most.
Most small-time landlords do NOT treat it as a business; they have a general idea that "total proceeds" > "mortgage expenses" + appreciation and consider themselves to be doing well. Often (especially in CA) they're doing arbitrage on property taxes (if they sold the house, it's tax would rise, so they can rent it close to the "sell it now mortgage + taxes" price).
They never stop to consider why their accountant keeps saying that they made $0 on the rental after depreciation ... must be a gift from the IRS!
Once you actually start trying to work it as a business you realize why most companies don't want to be in the business of renting single family homes, and stick to larger apartments.
> Once you actually start trying to work it as a business you realize why most companies don't want to be in the business of renting single family homes, and stick to larger apartments.
Can you elaborate on this? Is it due to the larger numbers in multifamily
