Some people have asked us why some landlords will neglect their property and leave it in shambles so we decided to answer this question here.
The first major reason is because a lot of slum landlords are not interested in being proper landlords in the first place. What do I mean by that? These people are more concerned with buying property then reselling it fast for a quick profit. In other words, they are into flipping property.
Monthly payments from rent collection are merely a sideline income for these people while they hunt for a suitable buyer. Some of them also use their rental property as a convenient tax shelter to slash their tax payments.
Another reason for people turning to the dark side of becoming slumlords is the fact they no longer have any interest or money to maintain their rental properties.
Owning and managing a rental property is a bit like running a business. If you deprive your rental property of passion or maintenance funds, it will naturally decay and die a slow death.
