I Will Never Rent Again - Here's Why

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

by Patricia Feager, 6/16/18

 

June is National Home Ownership Month. As a member of the National Association of REALTORS®, I am being encouraged to educate the public. While there are many reasons why one prefers to rent over buying a home, all it takes is experience to help you decide what's best for you. Everyone has their own life experiences. Some are good and some not so good. Here are some reasons I prefer to own rather than rent.  

 

A Landlord may have more control over my budget than their Tenant. 

 

A Landlord may increase rent. 

A Landlord may have reasons to get inside. 

 

A Landlords may have rigid rules. 

 

A Landlord may control what a Tenant can or can't do. 

 

A Landlord may have strict rules for Tenants to follow.  

 

A Landlords may have access when contractors are needed. 

 

A Landlord may be responsible for the the conduct and behavior of all tenants.   

 

A Landlords may have additional fees and/or restrictions for pets.

 

While there are many reasons why people need to rent, sometimes people don't know they have choices. People can only take away your savings, hopes, dreams, and happiness if you let them. For me, a home is a place of Zen, peace, quiet, choice of colors or noise. If you're thinking about moving out of a rental and need to stay in the Dallas Fort Worth area, please let me know to discuss your choices and options about owning.

 

National Home Ownership Month

 

 

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Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        2900 W Southlake Blvd, Suite 180
                                        Southlake, TX 76092
                                        Office: 817-748-4800/FAX: 817-748-4900

                                         Patricia Feager
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

CERTIFICATIONS

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Certified Military Relocation Specialist
Certified Negotiation Expert
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ertified RE Probate Specialist

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

  

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Rainmaker
1,856,607
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Sham Reddy - For me, it was a wise decision. Everyone needs to decide for themselves and be educated in the process and have credible people in the industry they can work with. 

Jun 16, 2018 09:18 AM #4
Rainmaker
2,658,163
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Great post Patricia Feager and while many will never rent (or rent again) there will always be some that prefer it to the issues of home ownership.

Jun 16, 2018 09:18 AM #5
Rainmaker
1,856,607
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Dorie Dillard - P.S. My husband was just released from serving in Vietnam and continued to wear his military fatigues because that's all he really had and at that time, people were not nice to our Vets. 

I'm so glad things are changing for our American Veterans, but there's still a lot of changes that could be made. 

Jun 16, 2018 09:20 AM #6
Rainmaker
465,057
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, - Your Coastal Bend Home Source

 I learned early that home ownership was the way I wanted to live.  I came home one day and had a landlord walking through my apartment.  The next day I was looking for a place to buy. I have never rented since.  

Jun 16, 2018 09:43 AM #8
Rainmaker
1,856,607
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Ricki Eichler McCallum - that must have been a frightening experience! You have to wonder, what was she looking for and why was she snooping? Good for you for knowing on the spot, it was time to buy your own place!

I came home to my apartment and found large men's footprints with red paint on my carpeting. I told the Landlord and landlord accused me of leaving the footprints. I told her to look at my feet and compare the size to large work-boots. She dropped the charges but not without a fight. I couldn't wait to get out of that place!   

Jun 16, 2018 10:16 AM #9
Rainmaker
3,044,240
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hello Patricia- - -thank you for sharing your thoughts /experiences.  Even rentals/leases are expensive in many parts of California. It is not easy for a lot of people to go from being a tenant to a property owner.

 

 

 

 

 

 

Jun 16, 2018 10:25 AM #10
Rainmaker
465,057
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, - Your Coastal Bend Home Source

Patricia,  My landlord was a man and I caught him looking in my windows too.  Good reason to own.  I control my yard.  Window peepers could get shot!

Your situation was awful, she was charging you for the damage!  Home ownership is so good and too many people don't own or can't own anymore.  Realtors can help teach potential owners the advantages of owning vs renting and help them get into a home.  Many Realtors today, however, don't want to take the time.  I always did.  The biggest rewards come from helping first time buyers, I think.

Jun 16, 2018 10:32 AM #11
Rainmaker
1,856,607
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Michael Jacobs - In other parts of the world, to own is the impossible dream. My daughter will never be able to own a home where she lives. Rent is extremely expensive there and she has no choice. 

I remember when she lived in San Diego before moving. Her rent to her landlord to pay for 1 bedroom and have use of the bathroom and kitchen in the landlord's house only during certain days and hours was 3 times what I was paying for mortgage. She worked 3 jobs just to pay the rent and eat. It was very tough.

As housing becomes more scare, I see rental rates rising at astronomical rates here in Flower Mound too. 

Jun 16, 2018 10:54 AM #12
Rainmaker
1,007,760
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Fortunately Patricia Feager - your clients can be guided by your experience  to help them make the right decision.

I can say that I have owned homes since I was 20 years old and never rented. This is always the first information I give to my clients. 

Jun 16, 2018 03:45 PM #13
Ambassador
2,893,226
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, what horror stories of renting, Patricia! I cannot imagine and understand why you will never rent again. I don't really remember too much about rental days with the exception of when I was in college - and then I just remember my amazing roommates! LOL We never wanted to paint and really just needed a place to study & sleep.

As an adult, I can't imagine having to ask if I can use a particular color of paint and I surely wouldn't enjoy paying someone elses mortgage for them. I feel for those who have so much college debt that renting is their only option. With prices on the rise, I fear that renting is going to be the only option for a lot of younger buyers.

Jun 16, 2018 08:09 PM #14
Rainmaker
1,856,607
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Debe Maxwell, CRS -It was not my intention to write a "horror," story about renting. Because this is a public post, I edited my blog post and if doesn't meet with your approval, please let me know and I will remove or edit once again.

Thank you, for bringing this to my attention. 

Jun 18, 2018 03:53 AM #15
Rainmaker
1,856,607
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Sheri Sperry - MCNE® - I appreciate your comment and directing clients to me for their additional real estate needs.

Have a wonderful day. 

Jun 18, 2018 03:54 AM #16
Rainmaker
1,428,957
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Patricia, wow you went through a lot renting. I can see why you'd never do it again. I've always been of the thought process if you can buy and are going to be in the same area for 3-5 years it makes sense to do it. Those who are interested in being a landlord can always buy if they plan to move sooner and then rent their place out. There's so much pride that comes with homeownership along with the financial benefits. 

Jun 18, 2018 05:41 AM #17
Rainmaker
1,856,607
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Amanda S. Davidson - Eight years renting from when I moved out of my parent's house and got married until two years after my son was born. Buying a home took a lot of pressure off my shoulders. The cost to move, not only with regards to the moving trucks, the packing, and setting up utilities was very costly. And of course, fees for license plates, auto registration, school registration fees, etc., all added up. 

I only lived in an apartment once in TX and that was because I only had 13 days to relocate and there wasn't time to buy. But I did buy as soon as the lease was up the following year. 

I am thankful to work with buyers who are coming from apartments or rental homes. There's lots of empathy there, and I hear many, many stories that breaks my heart. 

Jun 18, 2018 05:51 AM #18
Ambassador
2,893,226
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Patricia, I thought your post was perfectly fine just the way it was! It showed the 'human' side of tenancy; helping renters to understand that they're not the only ones who go through these issues. As well, potential renters will think twice about renting by reading your 'real life' examples of tenancy.

My 'approval' is not warranted - this is your blog!

Jun 18, 2018 06:29 AM #19
Rainmaker
554,244
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Renting is sometimes necessary, but I've owned more homes than I care to count, beginning when I was 17 years old, only renting twice that I recall. Each time the rental term was a year or less until I got established in new areas. I will ALWAYS be a home owner and never a tenant, until I move in with my son and make him care for me in my old age. (Wink).

Jun 19, 2018 08:14 AM #20
Rainmaker
2,666,378
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

There comes a threshold where you don’t really need to rent ever again. I would want to build up my net worth a bit myself.

Jun 20, 2018 10:56 PM #21
Rainmaker
2,666,378
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Pat Starnes, Brandon, MS You owned your own home at 17? Did I get that right? That’s pretty impressive at that age if you did!

Jun 20, 2018 10:59 PM #22
Rainmaker
2,666,378
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I’m going back all over these comments and it’s kind of making me want to buy a new house lol! :)

Jun 20, 2018 11:00 PM #23
Rainmaker
554,244
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Laura Cerrano - (Comment 22)

Yes, you read that right! My sweet daddy had to buy the house in his name until I reached the legal age of 18. I've always known the value of investing in real estate.

P.S.: That was one of the "luckiest" investments I ever made. Two years later, I doubled my money when I sold the house to move up. It was in the 1970s and double digit inflation, but I was HOOKED!

Jun 21, 2018 06:29 AM #24
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