Rental property expenses

[Kosta Makris]

Hi everyone!

I'm pretty new to investing though I feel I have a grasp on what I would like to invest in. Buy and hold is an avenue I want to go down and would like to know the different types of expenses I should expect and learn about ones I would never think about. Here's what I have now with what I think I should expect and would to add on to my excel sheet...

Loan amount

Interest rate

Monthly payment

Yearly taxes

Yearly insurance

Vacancy

Maintenance

Property management

Property taxes

Insurance

HOA cost

Electric

Water

Gas

Trash

Snow Removal

Lawn care

Roof

Any other expenses I should be aware of? I would also like to do multifamily, are there big differences from SFH?

Cheers!

[Bettina F.]

You will need some office supplies, paper for leases, postage,. Landlord association dues. We do MFH, so we have common area electric, water and increased landscaping costs. Many of these expenses can be pushed to tenant with SFH, but then you run the risk that they will not take care of the landscaping.

I think you can cross snow removal off of your list if you are in El Cajon!