041 - How should estimate my landlording expenses?
Feb 28, 2021•13 min
Episode description
This is the last part of our multi-part series walking Hernandez from being rent robbed each month to generating WEALTH using real estate.
Today we talk about expenses side of the game. Listen in to answers on the following:
- How to figure out what the utility bills will be on your house?
- How can I plan for big expenses like a new roof? New furnace? New bathroom?
- What's a good budget % for basic repair?
- What's a good % for vacancy rates?
- If the main thing is to keep the main thing the main thing, what is the main thing?