Most homeowners only pay attention to home maintenance when something goes wrong: leaking roof, blocked chimney, faulty drainage. Neglecting your home for a long time not only reduces its value but it's also putting your family's safety at risk. After a loved one's death, it can be hard to grieve through the process as you reminisce the moment you shared when they were alive. As a way of keeping their memory alive, they could leave yo. Property syndicates, also called unlisted property trusts, can offer you the chance to get involved in commercial or residential real estate ownership that is usually beyond your reach.
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The actual cost of homeownership involves a multitude of expenses. As a property owner, you have to keep up with mortgage payments, maintenance and repair fees, utility costs, and property taxes, hoping that you'll recoup your investment in the long run when you sell the property for a profit.
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It's effortless to pay less attention to home security as a landlord, but it can still become costly if the home is broken into. Many states have laws that make the owner of the building liable for damages caused by theft.
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