Updated over 6 years ago on . Most recent reply
What’s your biggest expense as a real estate investor?
Whether you own 1 or 100 investment properties I'd love to get your answer.
Thank you kindly, Suly
Most Popular Reply
Mortgage interest. OK, so maybe that wasn't the answer you were looking for...
Excluding updating/remodeling, it would likely be plumbing and issues caused by plumbing problems. There is always a clogged drain or leaky pipe or fixture that needs to be replaced. I had a toilet leak and it caused damage to the walls, ceiling, and a light fixture on the floor below. Had it all fixed and a few months later another toilet leak from a different issue damaged the exact same area that I had repaired. This was after I had replaced this toilet maybe 2 years earlier after a leak damaged the walls and ceiling.