Recently, I bought a house. And, though I was, and am, focused on the positives of owning, the whole stressful process of buying a house has made me really appreciate what I had as a renter.
Since you’re all multifamily professionals, I know I’m totally preaching to the choir about how awesome apartments are. But it’s worth a reminder from someone who’s on the outside peeking in (but not, like, in a creepy way), how good renters have it. Be sure to let your prospective renters know.
Reasons Renting Trumps Owning
You don’t have to fix your own toilet. Toilet broken, or any other maintenance issue? In an apartment, maintenance workers will fix this. If you own, well, good luck with that plunger. [As property managers, make sure you have a great system in place so that your renters can easily make their requests and get service updates, whether it be an online portal or whatever system you have in place.]