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Topic | Any landlords on CE? Specifically for a single property |
bigblu89 02/29/24 1:00:17 PM #11: | As a homeowner, there really isn't that much maintenance costs on a month to month basis.
Maybe something needs replacing every 2-3 years that would be considered a significant cost to repair/replace, like a furnace or major appliance, but for the most part you'll go months without dipping into any money you have put aside for maintenance needs. So that 24% "profit" will be legit profit more times than not. BUT... I would keep about 10 grand aside in an "oh shit" account, just incase something like a pipe burst or the furnace craps out. --- It takes zero effort to be a good person. ... Copied to Clipboard! |
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