Issues arise with rental
This question is a pretty vague one so please feel free to ask more questions if there is any confusion on what I’m asking. But I am looking to get into rental properties and am curious what do you do if you have very little capital and a problem arises with the rental. Say a tenet has vacated the property and completely trashed it. What do you do if you are new to being a land lord and you don’t have enough money to cover the repairs?
I know that this wouldn’t be an issue after some time of renting due to setting aside a portion of your profit to deal with these expenses. I am just referring to the situations where this is not the case and that money is not available at the current time.
Any input is greatly appreciated Thankyou.