Calculating Expenses on an Investment Property - 01/19/11 02:44 PM
In our continuing series about buying an investment property, we turn our attention to the expenses. In our current market, it's relatively easy to find properties where the rent covers the mortgage payment, but what else should investors take into account?
Obviously, condo or HOA fees are a big ticket item. Don't forget these!
Property insurance. Even in a condo that comes with a master insurance policy built in, you'll need landlord insurance.
Maintenance and repairs. Remember that you have a basic standard of safety and living that you need to provide your tenants. The amount you budget is largely … (2 comments)

 
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Katie Wethman, CPA, MBA, REALTOR® - Northern Virginia & DC Real Estate

Falls Church, VA

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A forum for comments, Q&A, and discussion about the greater Washington, DC, real estate market. Learn more about me at www.katiewethman.com


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