…take another five years, at least, to update the cosmetics so that the house is attractive. But if the enormous cost of repairs and maintenance is our only out-of-pocket expense…
Search results for: repairs and maintenance
#607: Q&A: Remember When Money Advice Came From Just One Book at the Library?
…a four-bedroom home for £400 a year. We don’t have property taxes like in the States—our “council tax” is paid by the renter, not the owner. And maintenance has been…
We Bought a Third Rental House!
…mold, so we’ll “break even.”) The “REAL purchase price” is the purchase PLUS initial repairs. Our repairs are going to cost about $6,000, so the “actual cost” of the house…
The House is Ready to Go on the Market!
…a beautiful swan? House: $21,000 * Labor: $4,661.73 ** Materials: $3,576.98 Total Repairs (Labor + Material) = $8,238.71 Total = $29,238.71 * we also paid a couple hundred bucks for…
I Cringe at This Common Real Estate Mistake …
…that this is a losing deal. After insurance, water, trash, management, repairs, maintenance and vacancies, I’d be bleeding money every month. The prices in this neighborhood simply haven’t fallen enough…
#304: Ask Paula & Joe – Help! I Can Only Save $200 a Month
…the older side and needs renovations, but the repairs don’t need to happen immediately. How can he fund these repairs while also avoiding a mortgage payment in his 60s? Anonymous…
How I Went From Broke to $4,600 / Month in Passive Income By Age 28
…tenants and did my own maintenance and repairs (though I’ve since outsourced both of those tasks.) My Step-by-Step Path to Growing Passive Income As the title of this post suggests,…
Why I Spent $17,021 (on Home Upgrades) in the Past Three Months
…new bathroom. (In hindsight, I should have realized that a $5,000 ballpark was far too low.) I underestimated the extent of the repairs needed. The floor joists were rotten; the…
How I’m Making an Extra $3,450 Per Year with Three Weeks of Part-Time Work
…noticed minor maintenance issues: clogged gutters; damaged closet doors. She hired a contractor, gave him instructions, and oversaw his work. She paid him directly, deducting this from our payout. Here’s…
The Airbnb Experiment: 42 Guests, 1 Police Visit, and $19,000
…passive. In fact, I’ve coined a formula: “PM + PM = Passive,” which means “Preventative Maintenance + Property Manager = Passive.” Preventative Maintenance means spending lavishly on “Keeping Sh** from…
