Slumlord Law and Legal Definition. A slumlord is an unscrupulous landlord who milks a property without concern for tenants, neighborhoods or their own long term interests. Slumlords overcharge for property in poor neighborhoods that is kept in poor repair and allowed to deteriorate.
Pretty straight forward here, this is a landlord that purposely operates a shithole.
There is also a narrative created by hollywood and the media.
It goes something like this…..
- evil person
- exploits helpless victims
- makes a lot of money
While these things may be true this is not a good strategy to become successful. More often times than not these people fail as in the following headline:
Being successful is all about providing a good service for people, no-one gets rich by ripping people off.