What is the mix of tenants to owners?
Friday, July 21st, 2006It’s important to understand that those who own their houses usually have “pride of ownership.” Those who rent obviously do not.
This means that where owners might put in new front yards or repaint their homes, tenants are most likely simply to let it go and ask the investor/owner to do it.
There’s nothing wrong with this. You can’t really expect tenants to take care of a property they don’t own. After all, it’s the owner, not the tenant, who reaps the rewards when the home is sold (not to mention tax advantages).
investment property