What expenses should I include?

What expenses should I include?

What expenses should I include?  

Typical property expenses include:

✔ Council Rates – Varies by location.
✔ Strata Fees – If the property is part of a complex.
✔ Property Management Fees – Usually 5-10% of rent if using an agent.
✔ Landlord Insurance – Covers damage and loss of rent.
✔ Repairs & Maintenance – See maintenance section above.
✔ Lenders Mortgage Insurance (LMI) – If applicable, add this manually.

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