Owning property seems to be the ultimate dream however you should know that once you own property, you own both its good and bad elements. You must now understand that you are a landlord and know how to manage the responsibility that comes with that title. You will also have to bear the risks such as empty buildings and wear and tear of the property.
Empty properties cost you money and reduce your overall returns. As long as your marketing campaign is on target, the supply and demand in the marketplace will determine the rent you receive.
Property wear and tear
Clearly, we would prefer if there was no wear and tear at all! FULL ARTICLE