Taxes, insurance, licenses, etc. $5,000
Property management fees $2,500
Routine pool, lawns, pest control $2,500
Utilities, phone and TV $4,000
Margin for unexpected ‘extras’ $2,000 (very variable)
Maintenance and replacements $2,000 (very variable)
Fund towards major costs $2,000 (very variable)


Average annual running costs = $20,000