That's only the "happy path" (for the landlord) story. I had a coworker who enterprisingly rented his old apartment to someone, who ended up squatting and forcing him into an expensive and drawn-out litigation. The tenant absolutely abused him and the California law which favors tenants quite strongly. He was a young guy in his 20's, not rich, and that woman really hurt him.
And of course there are other risks too; can you imagine being an entity that owns lots of commercial for-lease real-estate right now?! They must be scrambling to stop the bleeding, since Covid has sent demand into the earth.
My point is that being a landlord is not without risk, and it's not always an "I do nothing and make money by leveraging your fear of homelessness" situation (although, granted, this is the ideal state landlord's seek, which is itself kinda gross).
And of course there are other risks too; can you imagine being an entity that owns lots of commercial for-lease real-estate right now?! They must be scrambling to stop the bleeding, since Covid has sent demand into the earth.
My point is that being a landlord is not without risk, and it's not always an "I do nothing and make money by leveraging your fear of homelessness" situation (although, granted, this is the ideal state landlord's seek, which is itself kinda gross).