Some strategies for reducing a property's expenses could include: 1. Regular maintenance to prevent costly repairs in the future. 2. Energy efficiency improvements to reduce utility costs. 3. Negotiating with service providers for lower rates. 4. Implementing technology to streamline operations and reduce labor costs. 5. Regularly reviewing insurance policies to ensure you're not overpaying. 6. Considering property tax appeals if you believe your property is overvalued.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
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