Renting + Owning + Landlords (CONSCIENTIOUS CONVERSATION) - May 12, 2024

”CONSCIENTIOUS” CONVERSATION Podcast with WILL PROFIT

In this episode of the Conscientious Conversation podcast show, host Will Profit dives deep into one of the most pressing dilemmas most individuals face: renting versus buying a property. The discussion covers the challenges associated with renting, where in many instances, it becomes more cumbersome than buying. Landlords are not only demanding better credit scores than necessary for house purchases but also require hefty sums to move-in, placing more financial pressure on tenants. Conversely, buying properties, while fiscally demanding upfront, provides a sense of security and eventual ownership. Will uses real-life examples from his professional circle to shed light on landlords' perspectives. He underlines that landlords often have to cope with property taxes and costs to restore the property to rentable condition. This situation explains why tenants are often asked for substantial payments upfront. Yet, the escalating requirements from landlords are creating barriers for individuals who may have the income or credit but not both. Beyond scrutinizing the actualities of the real estate business, Will also emphasizes the critical role local governments can play in making this process less challenging for both landlords and tenants. The episode wraps up with Will advising listeners on the benefits of buying property, with a particular focus on specific types of property investments like duplexes, helping them understand that clinging to homeownership is a smarter choice in the long run. Tune in to this episode and get firsthand, unfiltered insights into the world of property renting and buying