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In some markets they tend not to do repairs, in some they do. If you were being generous you could argue that landlords lose another 10% of the rent to repairs
by crdoconnor 10y ago
In some markets they tend not to do repairs, in some they do.
If you were being generous you could argue that landlords lose another 10% of the rent to repairs.
That still leaves a big fat 80% slice of the rents coming in which is free money.
- ruste 10y agoMore like 20% if you don't include labour. Then take out another 40-50% for insurance on the property. Then put the rest into paying the mortgage. Which you admittedly get back, but remember you're doing all the work on the house yourself and houses do wear out over time so that will eat into your margin even more. EDIT: Don't forget about property taxes! Those eat up a pretty big chunk of the rent too. They're usually a couple hundred a month. Let's be nice and call that 10% although it's generally much larger.