All Topics / General Property / Maintenance of properties costs ?

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  • Profile photo of lizzy1lizzy1
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    @lizzy1
    Join Date: 2003
    Post Count: 11

    IS THIS TRUE?. it would appear that steve allows 5 % for maintenance on a property. after reading Buyer Beware! on a 50k property the annual repairs allowance is 5% ,this house is weatherboard which will need to be painted every 10 years at 5000k, so 5% is not even going to cover that let alone anything else.at $125 per week rent that is a total of only $ 325 per YEAR[:(]
    i don’t understand how you can do this at only 5% of the rent any answers

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