Keep current home as an investment when trading up?

Discussion in 'Property investment and tenants' rights' started by mojoask, Jan 8, 2017.

  1. Sarenco

    Sarenco Frequent Poster

    Posts:
    3,087
    Hi Gordon

    A few thoughts:-
    1. The 30% figure is a long-term average figure;
    2. As a property ages the cost and frequency of repairs inevitably increases;
    3. There are a lot of costs associated with managing and maintaining a rental property over and above the cost of repairs (not all of which are tax deductible) - I've listed most of the main ones above;
    4. It is important to account for your own time in assessing the costs associated with managing a rental (assuming you don't work for free!); and
    5. It only takes one tenant to stop paying rent and/or seriously damage a property - it happens.