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Old 11-10-2016, 07:51 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,705 posts, read 58,042,598 times
Reputation: 46172

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Quote:
Originally Posted by KathrynAragon View Post
...as property taxes increase in an area, so do rent prices..
Wrong, VERY wrong, very VERY wrong

"as property taxes increase in an area, so do rent prices (as are able to be absorbed by the individual tenants and / or markets)


Immediate or within the next 2 yrs ?(If you have LT tenants)
very, VERY unlikely.


Way to cope...
Landlords eat a LOT of garbage from the STATE and from the Tenants.

Quote:
Property taxes: how do you cope?
If a landlord, you often cope by spending your reserves, or having your own family miss a few meals. It is a good practice for your kids to get used to. (sacrificing FOR the benefit of others (such as your local school levy voter (who may be your tenant).) Of course your 'home schooled' kids will be able to embrace those future decisions with some experience of the consequences. Has worked for generations.

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