Especially when those 2nd, 3rd, + properties are being used as passive short term rentals. Observing the state of the housing situation “Hmm there aren’t enough homes for normal families to each have a chance, I should turn this extra property of mine into a vacation rental.” does this make said person a POS?
I would agree with that. If you aren’t making a profit, or if you are making enough profit to perform maintenance it sounds fine. If maintenance is a job, you should be obviously be compensated. That value doesn’t seem to represent the level of work I see being put in.
I am writing specifically from an American point of view. All of the landlords set prices based on a data set that combines property values and rent cost. This basically means that rent prices have been rising rapidly, a long with home prices. It’s all inflated value and the government doesn’t seem interested in doing anything about it. Rent in my area specifically has more than doubled in the past decade and this is not uncommon.