Myth 1: Renting is Just Throwing Away Money

One of the most persistent myths about renting is that it’s a waste of money compared to buying a home. 

However, renting comes with several financial advantages:

• Lower Upfront Costs—Buying a home requires a large down payment, closing costs, and maintenance expenses. On the other hand, renting typically only requires a security deposit and the first month’s rent.
• No Property Taxes or Major Maintenance Costs – Homeowners must pay property taxes and cover costly repairs. As a renter, you don’t have to worry about unexpected expenses like a broken furnace or roof repairs.
• Flexibility—If your job requires you to relocate or you want to explore different neighborhoods, renting allows you to move without the hassle of selling a home.

For those searching for affordable rentals in Toledo, renting provides an excellent option to live in a desirable location without the long-term financial commitment of home ownership.

Myth 2: You Can’t Personalize a Rental Home

If you have any questions about personalization options, please contact us for guidance on what modifications are allowed in your rental.

Many tenants believe that renting means living in a bland, generic space without any ability to make it feel like home. Many landlords allow renters to customize their space within lease guidelines.

• Decor Options – Temporary wallpaper, peel-and-stick backsplashes, and removable hooks allow you to add personality to your rental.
• Furniture and Layouts – Arrange your furniture to maximize space and functionality.
• Small Changes Can Make a Difference – Adding curtains, rugs, and accent pieces can transform any space into a cozy home.

If you’re interested in a rental that allows for personalization, Buckeye Northwest Realty’s Toledo rental properties offer flexible living options for tenants.

Myth 3: Renting Means You Have No Stability

Some believe that renting lacks stability because leases are temporary. However, many rental agreements offer long-term options that provide just as much stability as owning a home.

• Lease Renewals – Many landlords and property management companies, including Buckeye Northwest Realty, offer renewable lease options so tenants can stay in their rental for multiple years.
• Tenant Rights – Ohio tenant laws protect renters from unjust evictions, ensuring responsible tenants have housing security.
• Property Management Support – Renting through a professional property management company ensures tenants receive timely maintenance and support, increasing the overall rental experience.

Myth 4: You Need Perfect Credit to Rent a Home

While landlords check credit as part of the application process, you don’t need a perfect score to secure a rental.

• Income and Rental History Matter More—Landlords consider various factors, including income, employment verification, and past rental history.
• Co-signers and Deposits Can Help – If you have limited credit history, a co-signer or a larger security deposit can increase your chances of approval.
• Credit Improvement Programs – Renting can help you build credit if you pay rent on time each month.

At Buckeye Northwest Realty, we understand that not everyone has a perfect credit score. We work with tenants to find affordable rental homes in Toledo, OH, even if they have limited credit history.

Myth 5: It’s Hard to Get Repairs Done in a Rental

Many renters worry that maintenance issues will go unaddressed, but reputable property management companies have structured maintenance systems to ensure repairs are handled quickly.

• Dedicated Maintenance Teams—Professional property management companies like Buckeye Northwest Realty have dedicated maintenance teams that respond efficiently to tenant requests.
• Online Maintenance Requests—Many rental companies now offer online tenant portals where renters can submit maintenance requests and track their progress.
• Legal Requirements—Ohio landlord-tenant laws require landlords to maintain safe and habitable living conditions, which means necessary repairs must be completed promptly.

If you rent with Buckeye Northwest Realty, our maintenance request portal ensures that all service requests are addressed promptly, giving you peace of mind.

→Submit a Maintenance Request

Our Final Thoughts

Renting is a great option for many individuals and families, offering flexibility, affordability, and convenience. By debunking these common rental myths, we hope to help tenants feel more confident in their decision to rent.

If you’re looking for quality rental properties in Toledo, OH, Buckeye Northwest Realty is here to help. Browse our available listings and find your next home today!

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Call (419) 385-5555 to schedule a showing or ask about our pet-friendly rental.