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tenant pays $3000 for rent and not buy a house?
by learner (VA)
on May 23, 2016 @18:35
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Are there many people who are willing to pay $3000 rent and do not buy a house? Why?
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Re: tenant pays $3000 for rent and not buy a house?
by Anonymous
on May 23, 2016 @20:19
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Some people don't want to deal with the hassle that goes with homeownership - mortgage payments, property taxes, repairs, yard work. $3000 a month would be a high-end rental, this wouldn't be uncommon in places like New York City where you *can't* own your own.
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operating overhead
by learner (VA)
on May 23, 2016 @23:46
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I worried I could have the hard time to find a qualified tenant paying $3000 or more to rent a single family house.
It is going to be a Single family detached house, has lawn and deck, near metro in VA. This is going to be the first time for me to own and rent it out if I buy it. I would like to learn how to handle the cost of operating overhead (L-landlord, T-tenant). For example, 1. (L) the roof, gutters, siding, deck (outside and structure) 2. (T) Air Conditioner, hot water heater, fireplace, and floor (inside the house)
Any suggestions are most welcome.
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new door locks
by learner (VA)
on May 23, 2016 @23:50
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Who (landlord or tenant) is responsible to get new door lock while renting or switching a tenant lease?
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Re: tenant pays $3000 for rent and not buy a house?
by P-Bone (NY and OH)
on May 24, 2016 @11:27
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Yes, all the time. I knew a couple that lived in downtown Alexandria, just a few blocks of Kings Street and a couple blocks from the water. Their row home unit was 3 bedroom and cost them around $3,000 a month. They paid it because to own one of those homes would cost over $500,000, which before taxes, insurance, and any other premiums would be well over $2,000 a month. Now I know that sounds like bad rental bet, but considering you'd have to put 20% down, not everyone has $100,000 laying around. So, if you decide you only want to stay for 5-10 years, that extra $1,000 a month costs you $60k-$120k and you have no responsibility to any major repairs. Again, that's excluding what would likely be high taxes and insurance for a place like that.
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