Thought we’d share this fascinating article from the Mashvisor. It’s titled How to Make Money as a Landlord of a Long-Term Rental Property.
It offers some stimulating ideas. Here’s one that we thought was genuinely noteworthy:
Reducing costs starts with our suggestion above of finding a rental property without high maintenance and repair costs. However, that is just the beginning. Carefully consider your top-line recurring costs. Property tax is typically the highest rental expense for any property. Property taxes can vary from street to street. So too can the costs for required services such as trash removal. Most communities require that a landlord pay the cost of water and sewer for rental properties.
To find out more about these ideas, look into the rest of this insightful piece.