Typically, the historical rental income and expense records are collected during the due diligence (inspection) period outlined in the purchase agreement (typically 7 to 15days). While we understand your need to know the numbers before buying a property, trying to acquire this information too early may frustrate you while putting your real estate agent in an impossible situation. It is not uncommon for some owners to forgo renting out their property to keep their homes ready and available for personal use only. In addition, not all homes are rented out, so there may be no information available. Since this data may be difficult or impossible to obtain early in the process, waiting for this information can cause you to miss out on opportunities as the market moves along without you. Vacation home buyers often ask us what income and expenses can be expected with owning a vacation home in the Orlando, Florida area.
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