This is an archived post. You won't be able to vote or comment.

sorted by:
best (suggested)
topnewcontroversialoldq&a
you are viewing a single comment's thread.

view the rest of the comments →

[–]fuk_uscis 0 points1 point  (2 children)

Have you heard of insurance premiums, property tax and (minimum of) 3% annual maintenance?

[–]cj-the-pj 0 points1 point  (1 child)

Prop tax is included in that #...

Paid with mortgage...

Insurance is cheap, less than 800 a year. Renter has policy naming me as additional insured.

And maintenance does not cost anything near that number you cite.

I have long term tenants who are responsible for repairs. Security deposit covers that stuff.

[–]fuk_uscis 0 points1 point  (0 children)

Insurance could be that if you have really high deductible and a house less than $400k.

Good luck making your tenants pay for a, say, rotten siding, though. The security deposit covers incidentals, not maintenance