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Updated about 10 years ago on . Most recent reply

Renardon Calhoun's profile image
Renardon Calhoun's profile image
Renardon Calhoun
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  • from Homewood, Illinois
  • Member since Jun 20, 2015

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Renardon Calhoun's profile image
Renardon Calhoun's profile image
Renardon Calhoun
  • Professional
  • from Homewood, Illinois
  • Member since Jun 20, 2015
Renardon Calhoun
  • Professional
  • Homewood, IL
0
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General Landlording & Rental Properties

Biggest cost in rental properties.

Renardon Calhoun
  • Professional
  • Homewood, IL
Posted
I looking to get a consensus of what is the top 3 biggest cost for rental properties owners occur on a consistent basis?
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Wendell De Guzman's profile image
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Wendell De Guzman
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  • from Chicago, IL
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Wendell De Guzman
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Wendell De Guzman
  • Investor
  • Chicago, IL
Replied

Your biggest cost is TURNOVER and vacancy. So tenant/prescreening is crucial to success in this business. All other expenses pale in comparison when you have no tenant and the unit is costing you money every month (even if it's free and clear because you still need to pay taxes, insurance and some utilities specially in the winter).

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