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Investing 101: Estimating Rental Property Expenses

If you are considering buying rental properties, you should already know how to analyze an investment by penciling out your real estate deal.

If you are considering buying rental properties, you should already know how to analyze an investment by penciling out your real estate deal. Within that analysis, one of the critical tasks is accurately estimating how much your operating expenses — property taxes, HOA fees, lawn care, property management fees, insurance, maintenance expenses and all costs other than the mortgage — will be on the property.

Properly estimating your operating expenses will give you confidence that your analysis is on the mark. So to help you better estimate those amounts, let’s talk about some percentages in a broad range and then specific items and costs.

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