7 Important Facts That You Should Know About Rentals

1/ You do not own the property

2/ All the money you pay for rentals is spent like throwing money out of a window

3/ You have a flexibility to change houses or apartments. After your lease contract is over, you can move to a different place. It is best if you change jobs.

4/ You do not pay real estate taxes

5/ You do not have to pay the cost of maintaining the property. So if the roof is wore down with time, you do not pay for replacing the roof.

6/ You do not pay property insurance

7/ It takes less money to live in a property in rental, compared to property ownership