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Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)
submitted 2 years ago by to c/personalfinance@lemmy.ml
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cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

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[–] 6 points 2 years ago
  1. Require rental properties to be registered and report when vacant.
  2. Block any new single dwelling rental property purchases.
  3. Only allow more rental property purchases when vacancy rate is below a certain threshold in a metropolitan area.
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