6. Repairs are not your business
Is your dishwasher broken? Did your windows get smashed? Does the furniture keep making squeaky noises? Well, that’s not your problem. When you are simply the renter of a home, the repairs or home improvements and their concomitant costs are the responsibility of your landlord or management company (if there are any).
But let’s not get happy too fast. Depending on the contract you’ve signed, you might be asked to contribute to the renovations if the issues were caused as a direct result of your behavior. But don’t worry, as long as you take good care of the place you live in, that shouldn’t be a problem. Long story short, it’s easier to call your landlord and tell them that there’s something wrong in your home than to pay for the whole thing yourself.
You will never make any money renting. I firmly disagree with this article. My wealth came from purchasing and renting real estate.
I think it’s good idea to rent insted bying a house you make point about that there is a big diference to sell a house , to rent one . moving from one state to an order state rent is easier then bying !!!
I’ve lived in an apartment for the last 10 years after being a homeowner for many, many years. The one thing I would add to your list for older adults is safety living in a secure building.
When you rent, you are at the mercy of the landlord. Some landlords are in no hurry to fix things.