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cash flow through rentals

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  • cash flow through rentals

    I got 2 apartments uptown. Can I rely on that source of income for the rest of my life?

  • #2
    That really depends on a lot of things - do you have mortgages on the properties? Are you paying a company to manage the apartments? Are they in a popular part of town where you'll have no trouble with tenants? Are the properties in good condition, and will they need much upkeep/repairs over the years?

    Being a landlord is a business, so there are likely to be outgoings as well as profit.

    It's also worth looking at tax or fees you need to pay as a landlord, depending on if you are in the UK or not.

    The advantage of having properties is that if rental income does dip, or you find they are not as profitable as you expected, you can always sell them and buy elsewhere. You're in a great position.