The Really REAL Real Estate Podcast
Business
Welcome back everyone to “The Really REAL Real Estate Podcast!”
As of late, it seems like a lot of tenants are complaining because landlords are being “greedy” by charging exorbitant rents when the same exact property would have a monthly mortgage payment that would be much cheaper (thus making renting the same exact piece of property much more expensive than buying it). Today, we take a look at this situation from the landlord’s side and discuss why renting is so expensive and why landlords may not be as “greedy” as tenants think!
TALKING POINTS (3-5):
- Introduction
- Owning rentals is a business!
- Business owners are in the business of making money!
- Landlords have to pay the monthly mortgage.
- This includes principal, interest, taxes, and insurance.
- There are additional expenses associated with owning a rental:
- Maintenance repairs
- i.e. plumbing leaks, roof leaks, HVAC systems breaks, etc.
- Replacement costs
- i.e. new carpet, new paint, locks need changed in between new tenants, etc.
***This doesn’t include additional costs like landscaping or cleaning services if you’re renting in an apartment complex!***
- Landlords will have vacancies!
- It’s a business and there needs to be a profit!
- Final thoughts
HASH TAGS:
#renting
#business
#moreexpensive
LINKS:
JASON:
https://jasonwilcox.cbintouch.com/
https://www.zillow.com/profile/jasonwilcox1987/
https://www.youtube.com/channel/UCrRksfKiMNteHKYRYrinAug?view_as=subscriber
https://www.facebook.com/jason.wilcox.186
https://twitter.com/jason_wilcox1
https://www.instagram.com/jason.wilcox1/
CONTACT INFORMATION:
JASON:
Cell Phone: 412-651-4638
Email: jason.wilcox@pittsburghmoves.com
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