Kim, yes you have to factor management fees, insurances, repairs/maint, council rates, water rates, strata fees if applicable etc etc.
Dont forget that because of your negative cashflow you also have to factor back in tax deductions (both cash & if applicable non-cash via depreciation) which will increase your cashflow and decrease your out of pocket holding costs slightly.
Hope this helps.
Dont forget that because of your negative cashflow you also have to factor back in tax deductions (both cash & if applicable non-cash via depreciation) which will increase your cashflow and decrease your out of pocket holding costs slightly.
Hope this helps.