: Beyond property taxes, you have to account for lighting, snow removal, security cameras, and the constant battle against non-payers.
Imagine a small, weathered lot in a booming downtown district. To most, it’s just 20 spaces of cracked pavement and faded yellow lines. But to an investor, it looks like a "gold mine". Unlike an apartment building, there are no leaky toilets to fix, no midnight calls about broken heaters, and very low overhead costs. buying a parking lot
: You aren't just owning land; you’re responsible for what happens on it. If a car is broken into or a pedestrian trips on a pothole, the liability falls on you, and insurance rates can be "sky-high". : Beyond property taxes, you have to account
Is buying and maintaining a parking lot a viable investment? But to an investor, it looks like a "gold mine"