In this video we give you the TRUTH about how much we’ve made from our rental properties this year. We currently own 11 rental units with no debt. Are rental properties a passive income dream? You may be surprised by what we share!
By using “the 50% rule” we can estimate that our net monthly income will be half of our gross rental income. Our gross rents are around $8000 so we can predict that we will net around $4000/month in net profit from our properties. In this video, we explain all the issues we’ve had so far this year and how our actual income is nowhere near the estimated amount.
There are a lot of different unexpected expenses that can add up when it comes to rental properties! From plumbing bills to tree removal, we hope this video opens your eyes to the real expenses of owning rental property. We still believe that rental property investing is a fantastic way to build wealth, but we hope that this is helpful and informative to those just starting out! Always make sure you are accurately assessing your expenses and the risk you are taking by investing in rental property!
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