What Are Some of the Other Expenses That Come Along With a Rental Property?

Insurance is very different because you're not covering the contents like the personal items of the tenant that is renting the property. In my experience it is usually cheaper to get insurance on an investment property than your primary residence so we do see our insurance rates on our SDRs higher than our our long-term rentals typically. Some owners bake in the cost of utilities where things aren't separately metered sometimes it's hard to account for the utilities cost if you're doing like a house hack most people just kind of bake in the utilities cost of the flat or they'll charge like a flat rate for utility.

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