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Started By
Message
re: “Renters don’t pay property taxes”
Posted on 6/28/26 at 9:05 pm to Everyday Is Saturday
Posted on 6/28/26 at 9:05 pm to Everyday Is Saturday
quote:
Rental property in many places qualifies for income approach to valuation
What does this mean?
He's googling terms or using AI.
GRM is used to eval SFH
The full income approach with cap rates is used on commercial or multi-family
0
Posted on 6/28/26 at 9:05 pm to stout
quote:
You should stick to being a forever tenant because you have zero clue how things work
If taxes go up… and landlords decide to cover their costs? It will stick
Now if some landlords are bad businessmen or are trying to undercut the market…
Posted on 6/28/26 at 9:05 pm to LSUFanHouston
A lot landlords in this thread seem to be struggling. Why are you doing it if you’re not making money.
Posted on 6/28/26 at 9:07 pm to SparkyWilson
quote:
A lot landlords in this thread seem to be struggling. Why are you doing it if you’re not making money.
Because the real goal is to break even / slight cash flow and benefit from appreciation.
Lot of whining around here from bad businessmen
Posted on 6/28/26 at 9:08 pm to LSUFanHouston
Only in your ideal, perfect world would it happen unilaterally like that
You are either oversimplifying things to try to win an argument or truly have zero idea how the market functions. Maybe a bit of both but you look like a fool.
You are either oversimplifying things to try to win an argument or truly have zero idea how the market functions. Maybe a bit of both but you look like a fool.
Posted on 6/28/26 at 9:10 pm to LSUFanHouston
Nice pivot. You went from “renters pay property taxes” to “property taxes influence rent.” Those aren’t the same argument.
Posted on 6/28/26 at 9:12 pm to LSUFanHouston
quote:
and benefit from appreciation.
This is how I know you have zero clue.
The more accurate statement would be to say that landlords benefit from both depreciation and appreciation. Depreciation for the yearly tax benefits and appreciation for the long-term wealth building.
Posted on 6/28/26 at 9:16 pm to Klark Kent
quote:
“property taxes influence rent.”
Property taxes are one part of the entire RE market so acting like it's a valid point that rents would go down without them isn't the winning argument he thinks it is.
Posted on 6/28/26 at 9:25 pm to LSUFanHouston
quote:
You should sell those properties
Posted on 6/28/26 at 11:04 pm to LSUFanHouston
quote:
Because the real goal is to break even / slight cash flow and benefit from appreciation. Lot of whining around here from bad businessmen
That was always my thought. It’s a long play. Either hold it long enough to sell after someone else builds the equity or hold it long enough for it to paid off and keep collecting the same rent but with no mortgage.
Posted on 6/29/26 at 7:29 am to LSUFanHouston
Property tax goes up, rent goes up
Posted on 6/29/26 at 7:52 am to LSUFanHouston
It's the same as illegals being able to vote at our elections. They have no vested interest in our politics, yet the Dems encourage their participation because Dems want the POWER!
Posted on 6/29/26 at 8:24 am to HangmanPage1
quote:
Same way there should be a cognitive test and critical thinking for general voting.
And a basic civics test.
Posted on 6/29/26 at 8:27 am to LSUFanHouston
We should just abolish ongoing property taxes and create a larger consumption tax pool through other verticals.
That's a hill I'll die on.
That's a hill I'll die on.
Posted on 6/29/26 at 8:37 am to CatfishJohn
Yea, relying heavily on property owners to fund the majority of the tax base is jus another example of "tax the rich". We need to stop letting the animals run the zoo.
Posted on 6/29/26 at 8:39 am to LSUFanHouston
They do, but especially in apartments, that weight of the property taxes is spread out. It's more noticeable in single family dwellings.
Posted on 6/29/26 at 8:41 am to theliontamer
It's also, in my opinion, maybe the one thing our Founding Fathers would be most unhappy about. Ongoing taxing of land and property that continues to go up without real representation from landowners.
You pay taxes when you buy the land. That should be it. It's absurd some people who have long since paid off their house can have their property tax bill doubled any random year. It's a lifetime tax.
I'd take a small "win" of saying you can at least stop paying property tax if your property is paid off.
You pay taxes when you buy the land. That should be it. It's absurd some people who have long since paid off their house can have their property tax bill doubled any random year. It's a lifetime tax.
I'd take a small "win" of saying you can at least stop paying property tax if your property is paid off.
Posted on 6/29/26 at 8:58 am to LSUFanHouston
quote:
We had a property tax election yesterday and the number of “hurr durr renters don’t pay property taxes” comments was disturbing.
quote:
Property taxes are an expense of the building owner.
It’s almost like you get it.
Without even getting into a more nuanced discussion, rent is largely market based and requires a rental agreement with a stated rental rate. That rate typically doesn’t increase for residential leases if property taxes go up. So theoretically, a renter can vote for every single property tax in an area, benefit from services, until the rental rate is finally adjusted, complain the rent is too damn high and move somewhere to do the same thing.
Property owners have rent collection risk, but are still responsible for taxes; if they don’t pay they risk their asset. The one bearing risk getting a potential benefit is a pretty standard concept in economics.
Posted on 6/29/26 at 9:03 am to LSUFanHouston
quote:
Further, homestead exemption does not qualify for rental property, so a person who rents a $150,000 valued house is paying MORE than the guy who owner occupies the same value house.
But they have access to their cash and/or not paying interest if they borrowed cash. And the owner of the rented property is actually the one paying more, as rent is market based and not perfectly correlated with variations in ownership expenses like they would be if they owned it.
quote:
hurr durr
Hurr durr indeed
Posted on 6/29/26 at 9:27 am to CatfishJohn
quote:
It's also, in my opinion, maybe the one thing our Founding Fathers would be most unhappy about. Ongoing taxing of land and property that continues to go up without real representation from landowners.
The founding fathers generally supported and implemented property taxes
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