Profile picture for Jane Doe 3

How can I find out what my landlord's mortgage is vs. what rent they are charging me?

The rental is a three-bedroom split-level condo in a relatively small complex called
Parkwood Place
  • July 01 2011 - Concord
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (12)

Best Answer

Profile picture for P Banks
As long as you are paying a fair market rate for you rent, it really doesn't matter what the mortgage is on the property.
  • July 02 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Being a Realtor and having owned Rental property in the far past, I can tell you the Landlord can charge whatever the market will bear.  (the going rate) and he should.  There is allot of unseen expenses and future expenses that you as a renter will not bear.   Over time things break down and have to be repaired.  The landlord has to factor in all of this and if he is lucky sometimes years down the road he will of made a profit.  I fail to see why you think you should be paying what he is paying as a mortgage payment.  You are renting and rental rates are usually much higher then if you were buying.  If you don't want to pay the rental rate then think about buying, it will be a lower monthly rate but you to will have future repairs but the home will be yours and your investment. 
  • November 01 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for mjrna
I have the same question and I ask because we have asked our neighbors and it appears that our landlord is charging us more for rent than their mortgage and taxes owed on the property.  We've lived here three months and they have tried twice to raise our rent or get more money from us.  Can they charge us more for rent than their monthly payment?  Shouldn't the taxes be included in rent if they intent for the tenant to cover the expense of it?  
  • November 01 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for sunnyview
What they are charging vs what they pay is none of your business as a tenant. If they have not owned the property for very long, what they pay can be more than your rent once you figure in taxes and insurance. That is why it can be better to be a tenant in some areas.
  • August 17 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Check the county records. They will normally have record of any mortgages taken out against the property. 
  • August 17 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

It is hard to find out what a mortgage might be in many of the records as there might be other mortgages, refinances, etc that effect the public record that aren't recorded. However, it doesn't matter what the owner's mortgage is when considering what the rental value of the home is.
  • July 08 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Jane - ok, so I am just curious - why do you want to know what your landlord's mortgage is (assuming he has one)?
  • July 02 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for ryanbos
Your first start should be contacting your RE agent and asking them for a title search. Though your landlord likely will not appreciate you searching for that information if it is public record then you could at least take a look. Fair warning though... You may not be pleased when you find out he may have a positive cash flow. Oh well though all the more reason to buy
  • July 02 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

As with everything else in Real Estate; it depends on location.  In some counties, you can go online to the County Recorder's Office and look up the property by street address  and some show the last sales price.  Vut that will not tell you what the owner owes on the property.
  A Title company, west of the Mississippi River usually can pull a Title Report that could show any loans on the property but it will not give personal details such as interest rate or payment amount.
  Any Realtor can pull Rental Comps for the style and size and location of your rental unit to see how your rental rate compares which I think is the question you are asking.
  The difference between the loan payment on gross rental rate does not reflect the true profit margin the investor may be making on the property since it does not reflect cash down payment and costs to repairs prior to renting the unit and it also does not consider other costs the owner has like insurance, property tax, management fees, marketing costs, depriciation, and local market value flucuations.
  • July 01 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Someone's mortgage is really irrelevant.

A landlord can charge whatever they want - even if they don't have mortgage......... and own the home outright!

What is more significant is what similar homes are renting for in the area.......and what a tenant is willing to pay.
  • July 01 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

How do you know there is a mortgage?
  • July 01 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Michael Helton
Look up the property on Zillow and look at the last sold price and date (to see what avg rates were at the time) to get an idea.

Or if you know any lenders they may look it up for you.

But to be honest it doesnt matter what the owner is charging if you signed an agreement to pay and if the rent is fair for the market where you live.
  • July 01 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.