Generally speaking, renting out a house can not only earn extra income but also avoid waste. But in reality, many people would rather leave their house empty than rent it out.
With the current continuous urbanization, the urban population continues to increase, especially in economically developed areas such as big cities, housing prices are increasing, people find that investing in real estate is safer than investing in stocks. Many people have joined the ranks of real estate speculators, but why would they rather leave their houses empty than rent them out?
Low return on investment
Many people think of renting out their house and collecting rent to pay off their mortgage, thinking that the rent can pay off their bank loan.
But if we really do that, there will be many problems in reality and this plan will not be easy to implement. Before renting out the house, you must first renovate the house. The quality of the renovation directly affects the amount of rent you can collect.
Decorating these days is expensive, much more expensive than most people realize. Even a simple installation can cost several million VND. Based on this calculation, even if the house is rented, it can take several years to recoup the money spent on renovations and achieve a balance between income and expenses. Many homeowners feel that the rental return is so low that it is better to leave the house empty and wait for the value of the house to increase.
Concerns about tenant awareness
Many tenants do not appreciate the house they rent and change the decorations and facilities in the house according to their own preferences. In this case, the landlord has no choice but to pay for the repairs out of his own pocket, sometimes the amount he spends on repairs is almost equal to the rent.
Furthermore, landlords fear that the tenant will make too many repairs to the house and will not be able to sell it for a good price in the future. After thinking about and weighing these risks, most landlords decide to leave the house vacant and wait until they find the right buyer before selling.
Many troubles when renting
Renting out a home is no easy task. Right from the start of looking for tenants, landlords must post information about their home on various platforms, clearly stating information such as location, area, and providing good photos.
But even then, finding suitable tenants can be difficult. When screening tenants, landlords must verify their identities, find out their occupations and incomes, and even ask about their living habits. If they encounter tenants who deliberately conceal personal information, it can cause a lot of trouble later.
Negotiating rent and lease terms also requires patience, as tenants will inevitably try to lower the price and make various demands. Landlords must find a balance between their own interests and the reasonable needs of their tenants, and negotiate back and forth.
Once the tenant has moved in, the landlord still has to worry about regular inspections. If the landlord wants to sell the house, the tenant may not cooperate with the house viewing for various reasons and the landlord will have to contact and coordinate many times, this is a long and complicated process.
The homeowner has a good economy.
Some homeowners are very wealthy. For them, their homes are primarily used to maintain and increase the value of their assets rather than to generate rent. Rent is a very small portion of their total assets and can even be ignored.
These cash-strapped homeowners have different plans for their homes: some keep them for retirement and plan for later life; some buy them as wedding homes for their children.
T. Linh
Source: https://giadinhonline.vn/vi-sao-nhieu-nguoi-bo-trong-can-nha-cua-minh-khong-cho-thue-d204423.html
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