Anaheim Property Management Blog

For as long as I have remembered, I have been told it is always better to buy than it is to rent. But with over 30% of people renting, there must be a reason renting is so appealing. Here are 6 ways renting beats owning: 1) Low upfront costs. Most owners want 1 month's rent as a security deposit, and in California that maximum an owner can keep is 2 months. That is much lower than a 20% down payment on a $400,000 townhome. 2) Low maintenance costs. The landlord pays for the water heater that falls apart, the roof that leaks or the myriad of things that go wrong over time. 3) Someone else pays for mowing your yard and pruning your bushes. 4) Take a long hot shower. Many communities pay for water and even the cost of heat. 5) Stay at home to work out. Many large communities have a gym, swimming pool, game room and even a big screen tv. and 6) The low cost of moving. When you decide to move to another part of the city, or out of state, if you have been a good tenant, you get your security deposit back and you move on. If you own a home, the cost to sell will run in the thousands. Is it better to rent than to own? Probably not over the long term. But if you have to rent, there are a number of advantages.