Tips For Young Property Investors – Plan for contingencies

You need to budget carefully to allow for contingencies associated with your income-producing asset.

For example, your tenant may lose their job and may not be able to pay rent on time, or your hot water service may blow up.

If such incidents occur, you need to ensure that you have enough funds during the interim to cover repayments and other expenses.

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Jason Gwerder
Tuesday, 22 March 2022

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