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Random Ramblings #3: “Landlords are Psychotic”
The super-awesome TruTV program, Adam Ruins Everything, brought up several good reasons to rent, rather than own, a home. As someone who lived in a money pit for about 10 years, he was spot on as far as expensive maintenance and lack of mobility.
However, one big, HUGE issue with renting is the rent increase that comes up at the end of each term. Any reasonable landlord would want to keep a reliable tenant by any means possible, in order to avoid the cost of tenant turnover -- marketing, making the house move-in ready, and, of course - finding a new tenant to move in as soon as possible - which resonates with cheaper ‘teaser’ rents that are often lower than a current tenant is currently paying.
My wife and I found a decent property through American Homes 4 Rent, a multi-billion-dollar racket based out of Las Vegas. It’s been a decent experience - 2-story, quiet neighborhood, etc... but the rent increases have been killer:
Year 1 (Move in): $1550 Year 2 (Increased): $1630 Year 3 (Increased): $1703 Year 4 (Increased): $1795
Altogether, these increases have amounted to a decent car payment! Why? Property values have remained stable, and similar properties have remained near the $1500-$1600 range. Expressing my disgust caused a AH4R rep to negotiate down by $20. $1775. From $1795. Laughable.
So rather than reach a reasonable amount, say $1650 or so, they would rather pay the expenses to make it move-in ready, seek out a new tenant (and deal with the timeframe), and risk vacancy. How is this not a business fail? I’m sure they will also starting rent at a similar amount we started with as well (sucker bid).
So, with all due respect to Adam (and I have a lot for his fact-checking skills), I’m not really biting on this rent > buy equation. So long as your house isn’t so old that the termites are about to eat it for dinner, it’s probably still a better idea to buy at all costs (and they are a LOT!)
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Trifecta of new build inspections this weekend for a great client out of California. Thank you to American Homes 4 Rent for choosing us! #orlandorealestate #americanhomes4rent #lennarhomes #lennarorlando #kissimmeerealestate #stcloudrealestate #orlandorealtor #centralfloridarealestate #ocoeehomeinspections #orlandohomeinspector #homeinspection #homeinspector (at Saint Cloud, Florida) https://www.instagram.com/p/B5TStEnhfoc/?igshid=174tcibm2vh7b
#orlandorealestate#americanhomes4rent#lennarhomes#lennarorlando#kissimmeerealestate#stcloudrealestate#orlandorealtor#centralfloridarealestate#ocoeehomeinspections#orlandohomeinspector#homeinspection#homeinspector
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Americanhomes4Rent Customer Service
If you are looking for americanhomes4rent customer service, simply check out our links below : 1. Contact us | American Homes 4 Rent https://www.ah4r.com/contact American Residential℠, AMH Development℠, 4R℠, 4Residents℠, 4Rent℠, and 4Communities℠ are service marks of American Homes 4 Rent. Privacy . Terms. 2. American Homes 4 Rent: Home https://www.ah4r.com/ American Homes 4 Rent® offers…
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Scam Alert!! Charming 3 Bedroom 2 Bath (Tacoma) $1500
$1500 / 3br - 1994ft2 - ▇►★ CHARMING 3 BEDROOM 2 BATH WITH WASHER AND DRYER (Tacoma,) This guy Steve Hawk so he says is his name phone number *** is trying rent this home when he is not the owner. Americanhomes4rent owns the home a ... from Craigslist https://seattle.craigslist.org/tac/apa/d/scam-alert-charming-3-bedroom/6351812239.html Fraud Bloggs made possible by: http://circuitgenie.wix.com/techsupport
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