Even among conscientious landlords, rental housing has become an immensely profitable business in the past decade. ... This demand has allowed landlords to increase rent, and triple their profit margins between 2005 and 2015 (SNL Financial, MPF research). The Slumlord, however, has even higher profit margins.
Is being a slumlord illegal?
They are protected under federal law under the warranty of habitability. This means landlords must provide a safe, habitable dwelling for their tenants. This is something slumlords don't do.
How do you become a successful slumlord?
How to be a Slumlord
- Put safety first. The whole idea of high-cash-flow low-income rentals is to keep your costs down so you can rent low enough for the market and still make a decent profit by providing this service. ...
- Be open and honest with tenants. ...
- Prepare for the unexpected.
