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Updated about 11 years ago,
Calculating monthly/yearly fees?
I have never purchased property before. I am trying to learn more about fees and expenses to expect when owning a property. I know of the obvious expenses like tax, insurance, property management, utilities, repairs, vacancy, and mortgage. What others are there? How do you calculate or find out what the insurance or taxes will cost? How do you accurately estimate repairs?
I would appreciate if you could provide links to BP articles or just post below. Any information about fees that exist and how to calculate them for a specific property will be helpful for me understand what really goes into owning property! Thanks!