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Common Costs You Might Miss
Vacancies
- Lost rent between tenants
- Utilities during vacancy
- Advertising and listing costs
- Cleaning and turnover expenses
- Even one vacant month can significantly reduce annual cash flow
Use this as a quick reminder of expenses to consider when filling out the calculator.
Maintenance & Repairs
- Plumbing issues
- Appliance replacement
- Furnace / HVAC problems
- Flooring, paint and drywall repairs
- Snow removal and landscaping
- Unexpected repairs can quickly erase months of profit
Capital Improvements
- Flooring and paint
- Kitchen and bathroom updates
- Roofing and windows
- Furnace and mechanical systems
- Locks and security upgrades
- These larger projects are often underestimated
Tenant Challenges
- Late or missed rent
- Noise or neighbour complaints
- Property damage
- Lease violations
- Unauthorized occupants or pets
- Evictions and legal processes
Time & Stress
- Showing units and screening tenants
- Collecting rent and tracking payments
- Coordinating repairs and maintenance
- Handling emergencies
- Bookkeeping and paperwork
- Legal and compliance tasks
- Many owners find self-managing is not truly “passive” income
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