What kinds of expenses could you face when taking on an investment property?

  • Landlords are liable to pay Local Property Tax (LPT) where a property is rented under a lease of less than 20 years - check out www.revenue.ie for details.
  • There may be management fees if your property is part of a complex or development.
  • Try to build up a contingency fund to cover your costs when the property is empty or to pay for unexpected repairs and maintenance like replacing the heating boiler for example.
  • If you decide to engage an agency to work on your behalf don’t forget to allow for agency fees.

Bank of Ireland takes no responsibility for information on third party websites.

Last updated: November 10, 2017

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