Dan on Nostr: APARTMENT BUILDING MATH: 10% Management fee. 8.5% Maintenance expense set-aside. 2% ...
APARTMENT BUILDING MATH:
10% Management fee.
8.5% Maintenance expense set-aside.
2% Property taxes.
1.2 % Insurance costs
6% EXIT fee/ commission to get out
-------Time delay to get out
-----Multiple market risks.
------Geographic risks.
------catastrophe risks
-------Massive Tennant risks.
It's gone up only as much as the dollar has lost value ,so, it may be an inflation hedge, but the above expenses work against you.
21.7% taken from monthly income .
Maybe investors should consider bitcoin as a way to preserve wealth. Real-estate has stunk for me..
10% Management fee.
8.5% Maintenance expense set-aside.
2% Property taxes.
1.2 % Insurance costs
6% EXIT fee/ commission to get out
-------Time delay to get out
-----Multiple market risks.
------Geographic risks.
------catastrophe risks
-------Massive Tennant risks.
It's gone up only as much as the dollar has lost value ,so, it may be an inflation hedge, but the above expenses work against you.
21.7% taken from monthly income .
Maybe investors should consider bitcoin as a way to preserve wealth. Real-estate has stunk for me..