The financial numbers given when purchasing a home are only estimates. Take them as the best case scenario so always take them as a relative way of how the property its projected to perform not how it actually performs.
When protecting yourself against vacancy consider saving at least 1 year reserve money that will allow you to maintain the property in the case your tenant leaves.
Note that if there are more likely to fail to pay the rent if the tenant its a single person or a single person working in a family household.
Use insurance as only one way to protect your property there should be other asset protection in place.
No comments:
Post a Comment