My siblings and I have owned rental property since I was 18 years old. No, I am not going to tell you how long ago that is. We have had many lean years with our properties, just like everybody else. We did at least two smart things, in my opinion. We’ve never taken the equity out of our properties and we’ve paid them off as fast as we have been able. Now, however, our properties are aging – fairly significantly. There are many good reasons for normal upkeep; aesthetics, preventative maintenance, marketability.
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