Revel in the Benefits of Renting

in the Benefits of Renting FINANCIAL STABILITY MONTHLY RENT • No unexpected repair costs • Rent is usually less than mortgage payments Low MAINTENANCE • Landlord handles maintenance and repairs • No yard work AMENITIES • Pool and gym included in rent No HOUSING MARKET WORRIES • No concerns about dropping home values • In Las Vegas, price per square foot is down 50.4% YOY No DoWN PAYMENT • Move-in costs as low as $200 • Down payments can be tens of thousands of dollars FLEXIBILITY • Move as often as you want Easily change jobs and locations • Can transfer lease within company portfolio No PROPERTY TAX • Landlord pays all property taxes CHEAPER INSURANCE • Renter's insurance is more affordable than homeowner's LUXURY LIVING • Renting an apartment in a high-end area is cheaper than buying there TAXING TRUTH HOMEOWNERSHIP ISn’T A Tax MiraCLE Not all mortgage interest reduces tax burden Most home-related costs are not tax deductible You will be taxed on home sale profits You cannot write off capital losses PROVIDED BY: OVATION property management wwW.LASVEGASLIVING.COM Sources: www.trulia.com/real_estate/Las_Vegas-Nevada/ www.istockanalyst.com/finance/story/5449745/8-benefits-of-rentinghttp://shine yahoo.com/work-money/10-advantages-to-renting-over-buying-2387492.html www.fiscalfizzle.com/renting-benefits/ realestate.msn.com/article.aspx?cp-documentid-13107829