I own a mobile home in a very bad area. I had purchased it for my "friend", Zen, because she needed it (it was a rent-to-own arrangement). Zen then went on drugs (as did her son) and they trashed it and stopped paying on it, and I was forced to evict them. Now I'm stuck with it.
I could have sold it already, but because Zen owed me so much money, it would've been a terrible loss. So, I decided to rent it out while I figured out what to do. Finding a decent renter in that neighborhood was difficult, but thankfully the police have been intent on cleaning up that area by harassing everyone who sets foot there. This isn't necessarily the right way to do it, but I have access to a little higher quality renter as a result of it.
Still, there is little profit to be made there. Although it's one of the nicest trailers in the park, it has termites. It's expensive to treat termites (you have to tent the place) and because all the other trailers have them, it's only a matter of time before they infest your property once more. So, I do alternative treatments which aren't as effective but are not cost prohibitive.
Does that make me a slumlord?
At the risk of self-justification, I'd say no. I'm doing the best with what I've got. It's not as if I'm rich or will get rich by renting the @%$& thing.
So what is a slumlord?
Today the St. Pete Times has an article on a local would-be politician, Fabian Calvo. They say he's a slumlord, and from the description, I have to agree. If these are his business practices, let's hope he can never make any decisions on behalf of us. What's scary is that this guy is a conservative politico, full of rants and raves against liberals and "socialism".
Gee, thanks, Calvo. You are the reason we moderates are moderate.
What's amazing to me is that this idiot actually is running for a House of Representatives post. Obviously he'll never get it now (I hope) but the fact that he had the chutzpah to run at all simply amazes me.