Nuisance fees are they worth it?

Many communities tap real estate investors for funds in order to enrich their coffers. Although the fees are generally low, investors who have put every cent they own into making a deal work can find themselves reeling from this unexpected cost. Business privilege licenses are among the more common nuisance fees. Rental property owners may be required to purchase a license for each unit, and that cost can be considerable when a sizable building is involved. Occupancy permits from the seller to the owner, and many implement a minimal tax on gross rental receipts. The administrative requirements associated with paying these nuisance fees are often more annoying than the actual costs that are involved. Once the excitement of finding and closing on your new property begins to fade, you'll find yourself at what many consider to be the telling point. You'll need to ask yourself these questions. Can you successfully integrate real estate into your life style? Will you be able to handle the loss of privacy and demands on your personal time? To be honest, many investors find that the tensions of coping with tenants, vacancies, and ambitious remodeling projects add to high a psychological toll to the real cost of owning real estate.