How to Pay Off Your Rental Properties

We collect 6450 each month in rent and then you've got a few mortgages left. So if you add up all your mortgage payments, how much are you paying every month for your mortgage? I'll ballpark about $2,000. Do that include taxes and insurance? No, it does not. That's about $1,000 a month. About $3,000 in expenses. You also have property management,. They're 10%, so it's like $645 a month. $645, okay. Now, budgeting for repairs. We just throw it all in together. Put all the money in one spot, and then that extra money from the job would go into it as