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How have your property taxes and/or insurance changed during that period? I have a rental (family living in it) where the insurance has changed a few percent i
by caseysoftware 5y ago
How have your property taxes and/or insurance changed during that period?
I have a rental (family living in it) where the insurance has changed a few percent in the last 5 years but the property taxes are up 5x. Yes, 5x in 5 years between the rate and appreciation.
What started as a small net loss is getting bigger and bigger so I hope you're not in the same boat.
- mostertoaster 5y agoProperty taxes have gone up, about double what they were. I just lose more money on my rentals, and to top it off I pay for private school, so don’t even get the benefit :/ I propose that all landlords start offering two lease agreements. One that is let’s say $2000/month, and another that is $1600/month plus whatever property taxes are, which happen to be $300/month currently. Then tenants might think twice before voting for higher property taxes since it will directly affect their rent instead of indirectly.