Omega 3 -- he does own one and he does load them on to the rent. I'd be put off renting a property out because of all the mither.
From what I gather, he is struggling and keeps the rent at a level to give him a modest income (i.e. profit) -- I didn't go into detail financial elements of his business but I gather he buys properties cheaply (perhaps at auction?) and does them up for resale.