1900: 4 Lessons Learned From Our 2nd Rental Property by Julien Saunders of Rich and Regular
Optimal Finance Daily - Financial Independence and Money Advice
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Four Lessons Learned From Our First Rental Property
If we were being truly thorough, we would have set aside additional funds months ago to cover the repairs ahead of time. With rental properties, you also have to build in estimated time. You may not have a tenant or vacancies, and thus no income coming in. This is part of the reason we're committed to owning debt free rentals,. It boosts our profit margin and therefore our ability to absorb costly repairs when they arise. And number four, budgeting for repairs and vacancies. Just like your primary home, it's never a matter of if, but when something needs to be repaired or replaced. The income earned and energy given to our real estate investing has been truly passive. Once we hit
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