Here are some of the most common questions people ask me when they are thinking about residential property investment. It’s always the same questions every time, so I’ll be linking up this page over the next few weeks with the answers and also adding extra things when I think of it. Hopefully this will help you take the next step or ideas to increase your sleep at night factor.
It makes sense to ask these questions, in residential property investment there are very limited areas to actually worry about. It’s either something to do with the income (ie. rental) or the expense (ie. interest expense)
Here the usual suspect:
- Expense: What if interest rates goes up?
- Income: What if my property gets destroyed by my tenant?
- Income: What if my tenant does not pay or leaves before the lease is finished?
- Expense: What if the insurance company does not pay when I make a claim?
- Expense: What if the insurance company does not want to insure me?
- Expense: What if my property burns down?