I was looking at selling my rental condo as I am tired of the negative cashflow.
translation: i couldn't arbitrarily jack up rent prices
turns out investors aren’t interested in buying a property where they have to honour the older lease as it’s lower than market
translation: other land leeches don't want to buy a property unless they can jack up the rent prices
This fetched me a lot more offers and an additional $70k in sale price.
translation: i kicked someone out of their home for $70k
the narrative is too one sided
translation: people hate parasitic real estate investors like me so heres a post attempting to rid me of the guilt of being a parasitic real estate investor