What responsibilities do I take on when purchasing tenanted properties?

We answer these and many other questions in our video blog episodes.

Here is the transcript of episode 16 to read through:

The question of responsibility is a nice question, which is very rarely asked of me, but I would like to answer it anyway.

In Germany, we have a problem with too few properties, particularly with too few high-quality properties in the major cities. For this reason, 40 million tenants urgently need good housing.

As a landlord, you could take responsibility by having a flat professionally let by an agency. By ensuring there is enough housing for 40 million tenants, you have assumed responsibility. I think this is a wonderful task and a great benefit for you as a landlord because you are doing something meaningful.

The reward for this is enormous. Your tenant pays off the property and the government even supports you in doing so, because it knows how urgently housing is needed. It is valuable that there are people like you who want to buy rented properties. The government encourages this through high tax advantages.

Therefore, you can say very clearly, if you want to take on responsibility or are asking for responsibility: "Yes, it is responsibility. It is a responsibility to ensure that there is affordable and good housing."

Keywords:
real estate, landlord, responsibility, living space, tenant, flat, management, tax benefits