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Plus principal, taxes, insurance, profit for homeowner, percentage for property manager, renter deposits, upkeep from the last renters who broke the gas lines,
by IncRnd 9y ago
Plus principal, taxes, insurance, profit for homeowner, percentage for property manager, renter deposits, upkeep from the last renters who broke the gas lines, scratched your hardwood floors and fled, etc.
You're going to have a tough time finding a homeowner who will let you live in their house for less than their costs.
- thaumasiotes 9y ago> You're going to have a tough time finding a homeowner who will let you live in their house for less than their costs. That is true as to costs imposed by the renter (breaking the gas lines / scratching the floor), but completely false as to costs the landlord has to pay regardless. It doesn't matter what the property taxes are; the landlord will rent to you if he makes more money by renting than he would by not renting. If your rent doesn't cover his property taxes, then it sucks to be him - both of those quantities are negative, but you can still rent from him.