Before you buy rental property, consider 3 things: The expected amount of rental income, the annual expenses you will deserve and the risks that may come along. https://www.circlapp.com/instant-messaging

1. Before you buy rental property, consider three things:
1. The expected amount of rental income.
2. The annual expenses you will deserve.
3. And the risks that may come along.
YOU MUST KNOW BEFORE YOU BUY RENTAL
PROPERTY
www.circlapp.com

2. 1. ESTIMATED AMOUNT OF RENTAL PROPERTY
INCOME:
• When observing for rental property
find out how much rent is
reasonable to assume given the
location and quality of the property.
• You must consider the expenses
you will deserve as a property
owner.

3. 2. ANNUAL EXPENSES OF HAVING RENTAL
PROPERTY:
You can break property expenses into
both fixed and flexible expenses.
• Fixed Expenses - You will have
recurring expenses such as annual
property taxes, insurance, routine
maintenance and repair items, and the
cost of any property management
services.
• Flexible Expenses - Remember to set
apart funds for major unplanned
expenses such as replacing the water
heater, air conditioner or heater, roof,
fencing, flooring or plumbing.

4. 3. RISKS OF BUYING RENTAL PROPERTY:
Before you buy rental property, consider the
following risks:
• Your property could be seated empty
between renters, take down your overall
return. You could sustain legal expenses
should you need to kick out a bad tenant.
• You could sustain extra repair costs should
a bad tenant cause damage to the
property.
• Rental property can provide a established
source of income, but like any investment,
you need to understand what you are
getting into before you buy.

5. ADDITIONAL RESOURCES ON RENTAL
PROPERTY:
• If you are considering investment
property, I would highly recommend
you visit CIRCLAPP website for
Rental Property.
• Unlike many of the popular websites
on rental real estate investing.
Instead, in a very practical way he
spells out exactly what it takes to
have success when investing in real
estate.

6. CONTACT US
Suite 703, 481 university avenue
Toronto, ON,
M5G 2E9
Phone no.: 1-800-707-8154
Email id: support@circlapp.com
@meetcirclapp
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