The costs of maintaining rental property in Botswana will vary depending on a number of factors, such as the size and condition of the property, the location, and the type of tenants. Some common expenses include:
-Repairs and maintenance: This may include fixing leaks, painting, and other repairs that are necessary to keep the property in good condition.
-Utilities: In some cases, the landlord is responsible for paying for utilities such as electricity and water then recover the cost from the tenants.
-Property taxes: Landlords may be required to pay property taxes on their rental properties.
-Insurance: It is advisable for landlords to have insurance to protect against potential damage or loss.
-Property management: If a landlord chooses to hire a property management company, this will add an additional cost
-Legal fees: In case of eviction or other legal issues, a landlord may need to pay legal fees.
It’s best to consult with a local accountant specialized in real estate or a property management company to get an estimate of the costs of maintaining rental property in Botswana.