…a spreadsheet: By popular demand, here’s the spreadsheet template I use to track my rental property maintenance so you can use it as well: Wait, where were we? Oh yeah…
Search results for: repairs and maintenance
Why “Earn More” vs. “Save More” is the Wrong Debate
…by operating costs, such as repairs, maintenance, management, etc. The implication: if you hold free-and-clear properties that meet the 1 percent rule, you can expect to pocket 6 percent of…
How I Earned an Extra $40,800 in Two Years Without Lifting a Finger
…up by operating expenses (taxes, insurance, vacancy, management, repairs, maintenance, bookkeeping, accounting). At this conservative estimate, this property will net $5,400 per year in passive cash flow. Over the span…
The Four Pillars of FIRE 🔥
…property, and then renting out said property. You’re advertising the vacancy, collecting rent checks, performing routine maintenance and repairs, and paying taxes as a landlord. But there’s a huuuuge difference…
The American Dream … or the American Nightmare?
…than what you’d experience through an index fund tracking the overall stock market. 3. Many people forget the costs of homeowners insurance, maintenance, repairs, mortgage interest, and mortgage insurance. When…
#435: Ask Paula: How To Prepare for A Layoff
…house free and clear in a desirable vacation spot. The taxes are low and my only other housing expenses are insurance, maintenance, and repairs. I could scrape by on $1,500…
#448: Ask Paula: We Make $300k. Why Are We NOT Financially Independent?
…estimate we’ll spend $80,000 to $90,000 per year. In addition, we’ll have occasional one-time bills for home repairs, emergencies, and other unexpected expenses. I intend to continue earning part-time income…
#449: Ask Paula: Should You Buy Real Estate in Today’s Economy?
…I’d have to spend some money on repairs, especially to update the bathroom in my unit. However, I’m discovering that the property needs more than I expected, including two new…
Six Percent is the New Four Percent
…course, “gross revenue” and “net profit” are not the same thing. Your properties have overhead, including property taxes, homeowners insurance, repairs, maintenance, management, capital expenditures, and vacancies. These operating expenses…
7 Expensive Mistakes That Beginner Real Estate Investors Make
…property amateurs who haven’t done their homework. It’s fine IF you decide that you want to temporarily handle the repair, maintenance and management tasks yourself, assuming you buy locally. But…
