During introductory meetings, we often receive questions about all-inclusive renting. What does it actually entail, and what should you consider? In this blog, we share the pros and cons of all-inclusive renting.

The Pros and Cons of All-Inclusive Renting

As a landlord, you can choose to rent out the living space all-inclusive. This means that all utilities are included in the rent. Often, this includes gas, water, and electricity, but it can encompass much more. Think of service costs, furniture/furnishings, municipal taxes, and TV/internet.

What should you pay attention to with all-inclusive renting, and what are the pros and cons? In this blog, we share the pros and cons of all-inclusive renting.

Document Everything in All-Inclusive Renting

Offering a property with all-inclusive rent can be attractive for a tenant. They don't need to purchase (extra) items or worry about monthly bills. For a landlord, it is important to clearly define in advance which utilities and costs are included in the rent. If this is not well-specified in the rental contract, it can lead to problems later, and the tenant has the right to approach the rental committee.

Pros of All-Inclusive Renting

With an all-inclusive rent, the tenant knows exactly what they will be paying for rent, including service and energy costs, each month. The tenant pays an advance for energy costs, which can be recalculated based on actual usage upon departure. These properties are often furnished, allowing the tenant to move in immediately. Such properties are often offered for short-term rentals.

Cons of All-Inclusive Renting

All-inclusive renting might seem like a good idea, but there are often more costs for the landlord than expected. Consider cleaning costs after each short-term rental and the costs of replacing items and/or furniture.

Best Option for Renting

Are you planning to purchase a property as an investment and rent it out? Request a free introductory meeting today for more information. We will explain how renting out a property works and what kind of return you can expect. We will also discuss whether all-inclusive renting is suitable for your situation.