Why Are Rents So High?

There are many reasons why rents are so high right now. Many people will not like my answer but the main reason is not landlords. In fact, landlords would love for rents to be lower and costs to be lower because it makes it so much easier to invest f and provide housing.

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[DKM]

We have raised our rentals prices considerably because of previous tenants, tearing up the houses and the cost and
expenses of fixing them.

[hkeith]

I had a neighbor buy their first house across the street from me. 5 months after they moved in we were talking and they said they didn't realize how much owning a home actually costs from taxes, mortgage, interest, home owners insurance, maintenance ect. They are thinking about selling and going back to renting because they were better off paying rent and had less out of pocket expenses.

[kfalzgraf]

When I rented years ago I left my unit scrubbed clean, carpets cleaned, everything scrubbed and move in ready. I read the lease and did everything so there was no drama when I left. I always took pictures moving in and out. I always got my deposit back and a thank you.

[Rafaelmora]

Great video Mark. This year one my properties increased 438 dollars per month that's HOA, TAXES, INSURANCE. This is happening all over not just in your neck of the woods.

[lindawilson]

Thanks! I hope this gets a lot of views. People need to be educated about this.

[hkeith]

My homeowners insurance has gone up over an additional $1, 000 a year, this past year. My property taxes increased by $800. Those are huge increases in top of what I already pay. So yes rent definitely increases with these extra costs.

[andrewallen]

Because properties are so expensive!
And bad tenants are so hard to evict.
And the damage bad tenants cause costs so much to repair.
And supply and demand, as more landlords selling up as they aren't making any money rentals climb due to less supply.

[paulgilkerson]

Thank you for doing this video. I own my own home, but I always thought it was just greed. Property values go up so all the landlords are like let’s make more money again thank you. This is good information.

[kfalzgraf]

The cost of residential tax v. commercial tax was due to Gallagher being removed. It flipped..

[barjer]

How many red flags would this prospective tenant raise for landlords? Try not to laugh!
A middle-aged woman was recently asking for any leads to acquire a 3 BR/2 B house for 3 adults, 2 kids, 2 dogs, 4 cats & a hamster with just $400 upfront and the ability to pay installments! As a former landlord I imagined this as a future squatter situation! Thoughts? Heaven forbid anyone takes the bait.

[jesterca]

The taxes and the costs for repairs are so high!

[amseam]

I believe that current interest rates are close to norm. We have had low interest rates for a number of years and people got used to that low number. My interest rate 25 years ago was 6.5%, 35 years ago my interest rate was 12%.

[lucille_]

FL has a rule that restricts tax increases by 10% for landlord owned properties. This helps tenants not get crazy increases. The only asterisk is that goes out the window when a property is sold and it gets assessed what ever current market value is

[broeheemed]

50 million "new" people in the country over the last 3 years might have something to do with it. Of course landlords are going to take advantage of that.

[ShonjiPowerOf]

I just live in a condo i own and due to property tax in my municipality payments have gone up $100 in just 3 years. I know its not crazy compared to some but with other costs exploding it's hard when even housing isnt reliable for budgeting

[celialeekendrick]

I increased this year on my rentals. Insurance and taxes jumped crazy. Repair prices have gone up as well.

[livinincalifornia]

Property taxes, insurance, fees, interest payments, mortgage payments, debt payments, repairs, maintenance, upgrades, roofs, A/Cs, heaters, damage, water damage, fires, the list is so extensive. That's why I don't want to own a property and take on those liabilities, I'll let the landlord handle those.

[ronstahl]

Rent is high because interest rates are high. That’s because high rent is raising cost of living which in turn causes feds to raise interest rates. When will they realize they are causing this directly ?

[amanacatandhisdog]

Last year we got a cut on property taxes for our homestead exemption. Here in Texas at least for now we have a cut in property taxes on the main home we own.

[michellestevens]

Taxes and insurance are sky high in Texas and force landlords to raise rents. At least that is the case for the mom and pop landlords.