Congratulations, you are officially a real estate investor!! This is a huge step to building wealth in the long term and I’m here to guide you.
Now that you own a rental property, you’ll have to start managing your expenses.
Separate your rental and personal income and expenses. Open a new checking account that will be used strictly for your rental income and expenses.
Preauthorize all your payments including mortgage payments, property taxes, utilities.
Get a separate credit card for you rental property
Watch my explanation below!
Stay tuned for more tips on how you can manage your rental property!
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Book a call with Sylvia Ho here or give me a call at 647-910-6100!