Some strategies to reduce expenses on a property include:
1. Regular maintenance: This can prevent costly repairs in the future.
2. Energy efficiency: Implementing energy-efficient measures can reduce utility costs.
3. Renegotiating contracts: This can include contracts for services like waste management or landscaping.
4. Property tax appeal: If the property is over-assessed, an appeal could result in lower property taxes.
5. Insurance review: Regularly reviewing insurance policies can ensure you're not overpaying.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
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