|
Milford, IL | Old rule of thumb was set aside 50% of rental income for repairs/maintenance, insurance, and taxes. If Fetv built new apartments probably could assume that repair expenses would be considerably lower for a period of years. Unless he gets some bad tenents or buys LG appliances.
The figures posted are just guesses but do serve to illustrate that Fetv made a wise (or lucky, no offense intended) decision to use leverage prior to Covid and rampant inflation. | |
|
Rental Income Breakdown and K Shaped Economy
