Comments on: Rental Property Update October 2009

By: Rental Property Update September 2009 | Growing Money

Rental Property Update September 2009 | Growing Money — Tue, 12 Jan 2010 08:03:17 +0000

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By: Smarty Sean

Smarty Sean — Fri, 13 Nov 2009 09:17:37 +0000

Tom, you are right that investing in a rental property is not always easy money. This is my first rental property and I have taken a huge hit in both the property value and the annual cash flow.

Robert, as of today, my net profit is negative, so I would say that the rental property has not been worth my time.

By: Robert

Robert — Thu, 12 Nov 2009 18:27:55 +0000

I didn’t know fire insurance was so high. One would think the liability insurance would be more than that. Do you think your net profit is worth the time you spend maintaining the property and dealing with tenants?

By: Tom @ Canadian Finance Blog

Tom @ Canadian Finance Blog — Tue, 03 Nov 2009 00:04:55 +0000

I like how you break down all the expenses related to your rental property. Too many people think that real estate is easy money and don’t look at how it can easily have a negative cash flow.

That said, congrats on getting closer each month to being in a positive position!