Are you spending more than you expected you would on your rental property?
You’re not alone. This is common, especially among investors who are not working closely with a professional property management company.
Owning a rental property can be a lucrative investment opportunity for those looking to reap financial rewards. Renting out a property or a portfolio of properties can provide an extra source of consistent and recurring income, deliver some great tax benefits, and deliver long-term financial gains as property values appreciate.
However, while owning rental property is an enticing gain for most investors, you also have to be aware of the hidden costs that come with it.