Your Financial Pharmacist YFP Real Estate Investing 48: Seven Overlooked Rental Property Expenses
Mar 12, 2022
28:36
Nate Hedrick and David Bright, your podcast hosts, discuss seven frequently overlooked rental property expenses that real estate investors should consider.
Key Points From This Episode
- The opportunity we have during tax season to evaluate what we have done.
- How certain things get overlooked when a property has not been tenanted.
- An introduction to today’s topic: the often overlooked expenses attached to real estate.
- Why tenant turnover cost is a factor: marketing, applications, open houses, and more.
- How to mitigate the costs: host viewings while it is tenanted, for example.
- What seasonal demand means.
- Zoning considerations and why there is a cost attached to this.
- Loan considerations and how they turn into unexpected or unanticipated costs.
- Why it is important to know that repairs happen and setting money aside for them.
- Why it is beneficial to be more judicious in your research.
- The constant: there will always be property taxes and they will often go up.
- What we have seen in terms of local property taxes.
- How reasonable planning can help you create a more intelligent path forward.
Links Mentioned in Today’s Episode