A look at high rentals, from the landlords side

Much of the west coast of the United States (and even as far north as Vancouver B.C.) is experiencing historically high rentals brought on by an drastic increase in demand.

While the true reason behind this is not known, these cities are attractive for their jobs, the climate, and for many cases their perceived liberal politics. Not to mention things like fantastic dining and drinking options.

Add in placement on multiple "best of" or "best for" lists such as this one from Movoto that has Portland, Seattle, San Francisco, San Diego, and Las Vegas in five of the ten spots, and it is easy to see why these cities are attracting so many new residents.

This of course has led to hundreds of arguments over "greedy landlords," who are raising the rent and pricing poor people out of the market.

Recently though, an article came to my attention that talks about the costs landlords are incurring. The author did a great job of lining out the true costs of buying, rehabbing, and renting out a property and how much rent per a unit has to be just to break even.

I encourage you to read it! The costs may be surprising!