This is a
common mistake many investors make, and it can ruin them.
Do you actually
have any idea how much repairs and maintenance are likely to cost on the
How old is the
hot water service?
Is there mould,
a leaky roof, dodgy wiring?
have insurance to cover the big things and accidents, but that doesn’t cover a
kitchen mixer tap slowly dislodging itself with normal use and leaking into the
cupboard below, rotting it away.
As an investor,
you must plan for all these worst-case scenarios with even greater care than
when you own your own home, as the lease will likely stipulate that such issues
must be repaired in a timely manner.
RealRenta has all the tools that a property manager
has, but at over ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a
week to manage your rental property
RealRenta also has a free vision, so why not check it
Thursday, 9 September 2021