May people prefer to rent houses over owning one. Many of them I speak to tell me they want nothing to do with house maintenance and upkeep and they prefer to rent so that they don’t have to think or worry about any of the repairs. They like being able to just call the property manager when the hot water stops working or when their kiddo accidentally breaks a window.
Well that’s all well and good until every house rental in your area starts requiring you to either do the maintenance anyway, or pay for it. So you get to pay for the house, and you get to maintenance the house, but you don’t get to own the house.
I’ve watched things change in just the last 5 years where renting a house means you have to maintenance everything that isn’t structural, including lawn care, but you don’t own any stake in the house, and you can forget about putting up a shelf or a new coat of paint. And now that you’re paying the mortgage and taxes on this house, you’re paying for all the utilities for the house, and are fixing all the problems that occur with the house, the landlord gets to send people over whenever they want to that get to go inside your house and look around without you being home just to make sure you’re taking care of it the way they want you to. And then when you leave, either because you found a better deal, or the landlord just doesn’t feel like renting it to you anymore, you get the pleasure of walking away with nothing.
May people prefer to rent houses over owning one. Many of them I speak to tell me they want nothing to do with house maintenance and upkeep and they prefer to rent so that they don’t have to think or worry about any of the repairs. They like being able to just call the property manager when the hot water stops working or when their kiddo accidentally breaks a window.
Well that’s all well and good until every house rental in your area starts requiring you to either do the maintenance anyway, or pay for it. So you get to pay for the house, and you get to maintenance the house, but you don’t get to own the house.
I’ve watched things change in just the last 5 years where renting a house means you have to maintenance everything that isn’t structural, including lawn care, but you don’t own any stake in the house, and you can forget about putting up a shelf or a new coat of paint. And now that you’re paying the mortgage and taxes on this house, you’re paying for all the utilities for the house, and are fixing all the problems that occur with the house, the landlord gets to send people over whenever they want to that get to go inside your house and look around without you being home just to make sure you’re taking care of it the way they want you to. And then when you leave, either because you found a better deal, or the landlord just doesn’t feel like renting it to you anymore, you get the pleasure of walking away with nothing.