And they take 10%-20% of your monthly rent and at least half of the first months rent of a new lease.
When I was in real estate, the banks would only credit your income at a 75% occupancy rate. It’s hard to break even on an income basis with rental real estate.
When your property is vacant, you’re still on the hook for the mortgage. More than likely, your income is going to be lower when you’re forced to leave the country.
I'm aware - the answer to "Have you ever tried being a landlord if you are in another part of the same metro area that is only an hour away?" is no, but I do from another country, right now, using a management company.
