"You gotta spend money to make money." I write that in a somewhat tongue-in-cheek way usually, but getting and caring for a tenant could, in some cases, be mor

"You gotta spend money to make money." I write that in a somewhat tongue-in-cheek way usually, but getting and caring for a tenant could, in some cases, be more expensive than leaving the space vacant. If you own the property outright, it's a measure of the cost of extra wear-and-tear, property tax, any other fees and fines, and maintenance (like this new one) against the rent you collect. It's not always the case that the rent is going to be a bigger number than tax, fines/fees, and extra wear-and-tear, especially if you own the property outright. If you add in rent control and a rising trend in rental prices, some landlords would rather leave the space vacant for a while to wait out the market for higher prices. You could easily lose money if you don't recognize and account for all of the costs.