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You’ll also need to factor in ongoing costs like propertytaxes, homeowners insurance, applicable HOA fees and maintenance. Be Document-Ready: Assemble relevant paperwork like purchase agreements, warranties, utility bills and inspection reports. turn your home into a rental property)?
Expense Projections : Operating costs like propertytaxes, insurance, utilities, maintenance, and management fees are then subtracted to derive Net Operating Income (NOI). For example, propertytaxes might rise after a sale, or insurance premiums could spike in areas prone to natural disasters.
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