Why renting apartments today is unprofitable

Many people believe that buying a home with further rental is a great business idea that will provide you with passive income for many years. Like, every month you get only money from tenants and live happily. But is it really that simple? The experienced landlord said, rent out And how profitable it is these days.



I remember how my grandmother came to the lodgers for money. Gordo goes through the door like this. He doesn't walk around the apartment, he swims. They timidly turn in front of her, offer either jars with canned peaches, cottage cheese, or even some goodies brought from the village. She always refuses, recalls Oleg.



“Many years have passed since then, and I am renting this apartment. However, it seems to me that now tenants and owners have switched places. I'm the one who holds on to every tenant as long as he stays with me. The apartment itself has turned from a gold mine into a bottomless barrel in which my money disappears without a trace.



The apartment on the market has become more “What has changed over the years?” For example, the number of new buildings has increased. As a result, “Khrushchevka” and “Stalinka” turned out to be unattractive housing, which not everyone wants to rent. Except that the apartment is located in the center. The apartment is not so profitable to rent.”

“My grandmother used to have clients brought in by a familiar intermediary. He received a small reward and praised the apartment, assuring a potential tenant that nothing better could be found in the area. Today, residents have become more demanding. They can view dozens of ads on the Internet and always find something better, Oleg complains.



“Except the students will be satisfied with the old repairs. To solvent tenants and furniture, submit new, fashionable equipment, and a bathroom with musical accompaniment, and a personal parking space in addition. And they will trade to the last. If you do not reduce the price, you will go to look for a more conciliatory master.”

“A lodger called in the evening and asked me to bring her a blanket because there was nothing suitable in the apartment and she was frozen. In a couple of days, the heating should be turned on. I had to drop everything and bring her a blanket. What do we do? This is better than another month of new tenants.”



A dissatisfied landlord not only spoiled modern tenants, but also their irresponsibility. The man claims that scandals at night and quarrels with neighbors are common. And he anxiously grabs the phone every time, fearing that the new tenants broke something, flooded the lower floor or completely forgot to turn off the gas.



At the same time, Oleg notes that often people do not pay on time. And once they were fed “breakfast” and, without warning, left, taking kitchen utensils along with curtains. The man is sure that, despite all the hassle, there is almost no benefit from the apartment, because almost all the money has to be invested again and again in the rented apartment.



So it turns out that passive income from rental property Not that passive. Although, maybe the man is just not lucky with responsible tenants. Or maybe this “business” that he received from his grandmother, just not him and someone more cunning can rent apartments today?