HOA Loan Officers Property Taxes Tenants 
PennyMac
JUNE 2, 2022
Property taxes. You have to have enough money saved to be able to handle expenses such as repairs, and cover the holding costs if a tenant moves out unexpectedly or stops paying rent. You also have to have a schedule that will allow you to address any issues that arise since tenants will have to be able to get a hold of you.
PennyMac
JUNE 28, 2022
Budget for times when a rental property doesn’t have tenants or if you rent for short-term periods. As the owner, you may have to front some of those costs if it takes a bit to get long-term tenants. Taxes and Fees. If you live a good distance from your second property, there will be travel costs to move between homes.
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