It is essential to factor in unexpected costs
As I just touched on in the last blog, it is essential you make sure you
have a budget to cover the unavoidable but sometimes unexpected costs of owning
These are the expenses that your landlord or perhaps even your parents
may have covered in the past.
You can’t plan for everything but having a rough idea of your costs and
putting some money aside each time you get paid to cover things like utilities,
insurance, body corporate fees, property management fees,
and maintenance will help take some of the stress away when bills popup.
Remember, these costs don’t stop when your investment property is empty
and there’s no rent coming in, so building an emergency account is key.
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Wednesday, 24 November 2021