How Much We've Made From Our Rental Properties This Year - JUNE UPDATE

In this video we give a 3 month update on our rental property income for 2021. Our first video called "How Much We've Made From Our Rental Properties This Year - 11 Units + No Debt" is linked here: https://youtu.be/Z9AaeOiWyK0

We currently own 11 rental units with no debt. Are rental properties a passive income dream? You may be surprised by what we share!

By using "the 50% rule" we can estimate that our net monthly income will be half of our gross rental income. Our gross rents are around $8000 so we can predict that we will net around $4000/month in net profit from our properties. In this video, we explain all the issues we've had so far this year and how our actual income is nowhere near the estimated amount.

There are a lot of different unexpected expenses that can add up when it comes to rental properties! We hope this video opens your eyes to the real expenses of owning rental property. The biggest expenses by far this year have been the 3 vacancies. One of them was quite damaged and cost us over $5000 in damages :( Always make sure you are accurately assessing your expenses and the risk you are taking by investing in rental property!

We still believe that rental property investing is a fantastic way to build wealth, but we hope that this is helpful and informative to those just starting out! If you want to hear more about our journey to financial independence, check out this video: https://youtu.be/CDqZkAsQsMs

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Видео How Much We've Made From Our Rental Properties This Year - JUNE UPDATE канала JAMIE AND SARAH