3 ms·
I rent. I pay something like $15.00 a month for insurance. My basement flooded and my landlord had to pay for an emergency plumber. It’s “built into the rent
by mulmen 3y ago
I rent. I pay something like $15.00 a month for insurance. My basement flooded and my landlord had to pay for an emergency plumber. It’s “built into the rent” but I still don’t have to bear the cost. My landlord assumes the risk of being ready to cover an expensive maintenance item.
- xyzelement 3y agoYes but you compensate them for this risk via your rent.
- chiefalchemist 3y agoThe landlord gets equity in the property. The tenant get freedom, peace of mind, etc. It's a question of priorities and personal values.
- mulmen 3y agoYes, at about half the rate a mortgage on this place would cost. I put those savings into investments that aren’t stored outside.