Emergency Expenses You Need To Budget For As A Real Estate Investor
Owning rental property is expensive, and you must make sure you have enough set aside for potential emergencies. While many people are attracted to real estate for the potential of passive income, it still requires a significant investment, so you need to manage your money properly. You never know when an emergency might pop up, so what are a few examples of expenses you need to budget for? Utility And Maintenance Issues As a landlord, you will be responsible for keeping the utilities intact. For example, there might be damage to the roof that you need to repair, or there…