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"Expenses" in the context of real estate are the costs that come with owning, operating, and maintaining a property that generates income, like an apartment building or an office complex. These costs can include things like property taxes, insurance, utilities, and repairs. Just like when you're running a business and have to pay for supplies and employees, owning an income-producing property also comes with ongoing costs.
For example, imagine you own a small apartment building. Some of your expenses would include the cost of electricity for the common areas, water and sewer bills, property taxes, and any maintenance needed like fixing a leaky roof or repainting the walls.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In the land where buildings make money, my friend,
There are costs and expenses that seem without end.
From taxes to power, and water to heat,
Expenses are there, and they're hard to defeat.
Imagine a building, apartments galore,
With tenants who pay you, but still there is more.
For the costs keep on coming, like a river that flows,
As the building gets older, the expenses still grow.
So, remember expenses, when you're seeking some wealth,
For they're part of the game, in the land of real estate stealth.
Though they may seem daunting, and make you feel blue,
Expenses are part of the real estate stew.