For this forum, this probably seems like a really basic question, but what are all the rental expenses that should be considered and how much should you budget conditional on the property and the location of course.
I have things like rates and insurance which I can establish. What about property management - how much do they take, and repairs and maintenance - whats a reasonable figure.
Are there other expenses I need to consider.
Background - looking at buying a 60s unit in central Auckland. Structurally looks good. It is a two-bedroom.
I have things like rates and insurance which I can establish. What about property management - how much do they take, and repairs and maintenance - whats a reasonable figure.
Are there other expenses I need to consider.
Background - looking at buying a 60s unit in central Auckland. Structurally looks good. It is a two-bedroom.
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