What are the Expenses for Rental Property?

[Suba]

It seems that owning property will be very profitable, apart from the property value continuing to increase every year, we can also make passive income from tenants by renting out property. However, as property owners, we also have to take into account the costs that must be incurred on the property that we rent to tenants. So we need to set aside or allocate funds to fund property expenses such as:
1. Property maintenance costs, whether in the form of a house, boarding house, shophouse, apartment, etc.
2. Repair costs due to property damage.
3. Costs when no one is renting the property, we need to pay electricity and water subscription fees.
4. Property tax costs

 

[eLdavis]

This is one part many people fail to realize, your property will not even increase in value if there is no proper maintaining and upgrades being carried out.

 

[King Belieal]

In the rental property that I am living in, I have to take up the cost of periodic painting and fixing of electrical installations.

 

[freelancermaria]

Bear in mind that setting aside a portion of your funds for unexpected expenses such as repairs and maintenance is indispensable. These costs can add up quickly and may be quite expensive, so it is best to be prepared.

 

[Starmix]

Maintenance is very important in a rental building whose occupants are all students like electricity, water, telephone and the entire building itself. It must insured against fire.

 

[Augusta]

I think the two outstanding expenses are always the property maintenance costs and the repair costs due to property damage

 

[Nomad]

I think the biggest costs are related to maintenance, repairs as well as taxes. By the way, I do not own any kind of property

 

[Springtime]

Yes, property owners have to pay for maintainence, repair and tax for the property. But in our city, gas, water and electricity are paid by the household who rent the property.

 

[Min George]

The property needs to be maintained whether someone is living in lt or not and that is some costs to bear.