All Forum Posts by: Boyd A.

Kona-grown living in Kalihi! Be forewarned. I is noob. I've been trying to figure out the Income and Expense numbers to run a rental investment. I know about the setting up the property as an LLC. I just don't know what kind of recurring costs to plans for. Like this whole E&O insurance thing was new to me when I was reading the Rental Property Investing book by Brandon Turner. Not much clear and obvious statements as to what to plan for and how much. I also know each state does things different to need to account for.

For example, what kind of recurring costs would I need to plan for to rent out a 1 bedroom apartment? Are the costs fixed or variable? Aside from HOA and Utilities, what else would be a recurring cost?