What to Consider Before Buying a Rental Property in Davao City
Buying a rental property in Davao City can just be the realization of a dream investment. This is because it virtually creates a passive income as it requires minimum effort from the investor to get the return on his investment. So what are the things that should be considered prior to purchasing a rental property in Davao? After evaluating one’s personal finances and capability to purchase a property, a prospective buyer should also keep some things in mind in relation to investing on a rental property. TheBalance.com mentioned in one of its published posts that prospective investors should take into consideration the expenses owning a rental property entails. “You can break property expenses into both fixed and variable 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. Variable Expenses – Don’t forget to set aside funds for major unplanned ex...