Updated over 4 years ago on . Most recent reply
Buying a commercial property with multiple tenants.
I am looking at buying a large commercial property 20k sqft building with 2 retail spots attached and a studio apartment attached as well.
My question is for taxes and insurance. If I buy the property and rent out each space what insurance and taxes am I looking at as the owner. This is my first investment property.
Does each tenant pay their own insurance? Do my taxes depend on the revenue created by the rent I collect or by the revenue the tenants make?
Again I know this is common knowledge for most. Thanks for the help!