Of course. I'm sure it's common in some parts that landlords make a loss in month to month terms, but then once the mortgage is paid off they own it and sell it, and it's gone up massively in price. Maybe that's their big pay day.
I'm sure other landlords make a very good profit month to month also. But if landlords were making a loss in real terms over years, they would probably stop doing it.
Even if the property loses money, the owner gets tax deductions for depreciation on the property, and the owner can apply the loss to their own taxes (useful if you have high income like a doctor or lawyer).
I'm sure other landlords make a very good profit month to month also. But if landlords were making a loss in real terms over years, they would probably stop doing it.