If the hot water system in your rental property ceased tomorrow, would you be able to afford the $1000 (ish) to replace it?
Owning an investment property involves regular upkeep, cleaning, appliance replacement, renovations and improvements.
If you have not done so already, now is the time to put a little extra savings away for the unexpected.
Also think about if your property needs updating in the future. Well presented and updated properties attract more rent and better tenants!
An extra $20-$50 per week can help alleviate unexpected financial pressure.
Melanie Dennis
If interested in learning more about this update please contact me today!
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