Many people start out living in rental properties, and as buying a home becomes more of a reality, they face a difficult decision. While homeownership has its advantages, there are unique benefits to renting. Whether you desire a low-maintenance living situation, simpler finances, or guaranteed damage coverage, renting provides assurances and benefits worth considering.

3 Reasons to Live in Rental Properties

1. No Maintenance or Repair Costs

When you own a home, you’re responsible for all repairs and maintenance. With rental properties, the owners take care of regular maintenance like landscaping and upkeep. They are also responsible for repair issues, from leaky pipes to broken appliances, and even more severe structural damage.

2. Leasing Flexibility

Rental properties often provide several, flexible lease options. Some units are month-to-month, while others may offer 6-month or yearly leases. Regardless of the lease terms, it is much easier to relocate when you rent than when you own.

3. No Taxes & Cheaper Insurance

Property taxes are an unfortunate aspect of owning a home. Coupled with the cost of homeowner’s insurance, and you’re suddenly facing hefty monthly bills alongside your mortgage. With rental properties, you pay no real estate taxes, and renter’s insurance is much more budget-friendly. Often, utilities like water, garbage, sewer and in some cases electricity are included. You’ll only have one monthly rental payment, plus any third-party services like phone and internet.

Maendele Properties LLC provides an extensive selection of rental properties throughout Hastings, NE. Whether you’re a college student looking for your first apartment or a family ready to settle down in one of their houses for rent, you’ll find plenty of options to meet your budget and needs. Because they also handle all property management in-house, you can count on reliable upkeep and maintenance services. Call (402) 984-2020 today to speak with a representative and visit their website and Facebook page to browse their rental properties.