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Read articleOwning a rental property involves various annual expenses that you must account for to maintain profitability and ensure smooth operation. Here’s a breakdown of typical annual expenses for a rental property: 1. Mortgage Payments Principal and Interest: The most significant expense is often the monthly mortgage payment, which includes both the principal repayment and interest.…
Read article1. Steady Income Rental Income: Provides a consistent cash flow from tenants paying rent, which can cover mortgage payments, property expenses, and provide profit. 2. Appreciation Property Value: Real estate generally appreciates over time, increasing the property’s value and providing potential for capital gains when sold. 3. Tax Benefits Deductions: Mortgage interest, property taxes, insurance,…
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