Another trigger was the number of investors who have purchased condos with the intent to rent only to discover afterwards that the business model «generally» doesn't work for rental income of less than $ 2,000 per month — and there simply isn't enough renters who can pay that kind of
rent money versus the number of condos that have been built.
Not exact matches
Unless you're using a diaper service (which
rents out cloth diapers, washes them, and delivers clean ones to your door for about $ 3,500 a year), cloth diapers will save you
money — you'll spend about $ 300 during your child's diaper - wearing years
versus the $ 2,000 you'd spend on disposable baby diapers for the same amount of time.
But more importantly, perhaps, they learned some extremely insightful lessons: the value of earning
money, balancing it, spending it wisely (or not so wisely), and
renting versus buying.
Furthermore, by living there 100 %, the other party is saving
money on housing costs,
versus if we'd just
rented it out to a third party and split the proceeds which factors into the split.
I already knew that I would stick with
renting for a while, but that didn't stop me from being enthralled by Mr.
Money Mustache's case study of
renting versus buying in Toronto.
AND, for him, he was able to get people to pay their
rent before the 1st, so that
money would be in their property management company business account accruing (minimal interest),
versus in the tenants account.