Common Costs Landlords Overlook
Research over the years has shown of landlords who incurred costs, over 50% had made no provision for repairs, 73% disregarded potential decorating charges, and 80% ignored mortgage interest they’d be liable for.
Here’s a quick checklist of common costs that many landlords forget to budget for.
This list will help you correctly calculate the true cost of your next buy-to-let investment and give you a solid idea on whether or not the property will be as profitable as you need it to be.
2. Letting agents fees
3. Void Periods
4. Repairs and replacements