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Re: Pro's and Con's to owning rental realestate... - Landlord Forum thread







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Re: Pro's and Con's to owning rental realestate... by Eve (IL) on November 20, 2009 @20:55
You don't have to justify yourself or your question to me. I agree this is an open forum and anyone can post a question and those that choose to answer do. Some here tend to judge then post their judgments. Again open forum and we have to endure that.

I have a few different properties which all have their own costs associated with them. Not a constant from property to property. Also those costs will vary from state to state, county to county etc. The property taxes, insurance age of the unit etc. etc. all comes into play. On average I will say my out of pocket expenses would range from 1000 to 1300 per month when a unit is empty. That is for me here in IL. Now if the property was in CA. or KY those # I believe would change drastically. Much higher in CA & probably much lower in some areas of KY.

Anything that can be done to reduce these costs is intriguing to me but as I said earlier I am skeptical about the idea you outlined but it is interesting.

Another anonymous poster below suggested you seek out a local LL association etc. I think that is a great idea for you and I wish you luck with your project!

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