The job in that case is property management, not being a landlord in and of itself. If you do upkeep yourself as in renting out a basement or a second property, you’re technically both a landlord and a property manager. Homeowners can have property managers as well, such as in a condo, in that case the property manager is hired by the owners council and paid for with condo fees.
The “professional” landlords, the type that are hated by far the most, hire dedicated property managers who do basically everything (up to and including approving new renters and evicting people in some cases) and basically the only thing the actual landlords personally do is hold the deed, which is why those businesses are called holding companies.
The job in that case is property management, not being a landlord in and of itself. If you do upkeep yourself as in renting out a basement or a second property, you’re technically both a landlord and a property manager. Homeowners can have property managers as well, such as in a condo, in that case the property manager is hired by the owners council and paid for with condo fees.
The “professional” landlords, the type that are hated by far the most, hire dedicated property managers who do basically everything (up to and including approving new renters and evicting people in some cases) and basically the only thing the actual landlords personally do is hold the deed, which is why those businesses are called holding companies.