Risk doesn' t create value, what the heck are you talking about? I'll spin a revolver with a single round in it and fire, what fictional wizard signs my check?

Renters are the real ones at risk, being forced by an entire class of sociopaths acting in solidarity to parisitize their wealth. In a disagreement, landlords can commit asymmetric harm with impunity because legal defenses require capital, which the renting class lacks by definition.

Your "good" landlord only appears to be so because of the ubiquity of normal landlords. The handyman needed to help you that day cost pennies compared to what rent seekers steal, thats why they call it "passive income." In this case, you are describing work performed by a property manager, not a landlord, that created value to you. The landlord performed that managerial labor, and still pocketed disproportionally more value than he provided, because his earnings come from ownership, not from labor.

If its cheaper to rent than buy, why do landlords do it? Out of the goodness of their shiny little hearts? Thank you my lord for saving me from myself.

Landlords do not create housing. They destroy housing by turning what would have been a sold unit of housing into a rented unit of housing. They are directly incentivised to keep housing scarce.