The Universal Costs Of Owning Rental Property

No matter how much we wish otherwise, every investment property is going to have at least some expenses associated with it. At a minimum, taxes, insurance, repairs and maintenance, and possibly water and trash service on multifamily properties, are going to become due and payable over the course of a fiscal year. All are inevitable, and all must be estimated, budgeted for and managed....

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RSK: This is pretty basic but I do like his part on Repairs & Maintenance....20% is about right unless it is brand spanking new. Depreciation is real not just a number for tax purposes.