Rentals are the reason why people travel. Without them guests would have nowhere to stay.
Most people have greatly invested to own their own homes instead of living in rented apartments. However, both renting and owning a roof on your head have financial advantages, the capacity to own an apartment isn’t a priority for everyone.
i. Maintenance & Repair Costs
Tenants don’t have maintenance or repair costs and don’t have to pay the taxman for the property tax. All repairs & maintenance costs are all taken care of by the Landlord.
ii. Free Amenities
Landlord usually caters for the installation & maintenance of all the amenities such as generators, Wifi, Solar system, elevators, Air conditioners without involving the tenants. For the amenities that incur bills, the Landlord is responsible for the same. Tenants will always get to enjoy the availability of these amenities without owning them.
iii. Flexibility of where to live
With rentals, a tenant can decide to stay in any city or town depending on comfort or work setup. Tenants are free to choose which apartment or lifestyle unlike the home owners. Home owners cannot move around with their mansions, they’re required to stay at a particular location in their lifetime.