Are there actual cost increases for landlords that justifies them charging so much more on rents now, or is it solely based on “market prices”? I imagine taxes increase, maybe insurance, their own mortgage may fluctuate, and then you have things just breaking down in a house on a regular basis, so imagine they do need to pad the rent a little bit just to cover additional costs, but current prices seem excessive. To me it just seems like price gouging, but I’m not a landlord, so I don’t know what goes into it.
Some provide actual value by working as a superintendent for the properties they own, most simply hire a management company and pass the costs onto the tenants.
Are there actual cost increases for landlords that justifies them charging so much more on rents now, or is it solely based on “market prices”? I imagine taxes increase, maybe insurance, their own mortgage may fluctuate, and then you have things just breaking down in a house on a regular basis, so imagine they do need to pad the rent a little bit just to cover additional costs, but current prices seem excessive. To me it just seems like price gouging, but I’m not a landlord, so I don’t know what goes into it.
Some provide actual value by working as a superintendent for the properties they own, most simply hire a management company and pass the costs onto the tenants.