Running costs of a property
Real estateRunning costs include all regular expenses for owning and operating the property – regardless of whether you live in it yourself or rent it out.
What counts:Service charges / homeowners’ association fee (Hausgeld, incl. reserves) · property tax · building insurance · maintenance reserve · management costs · non-recoverable ancillary costs
In FireLotse:Running costs flow into your cash flow as a consumption expense. In FIRE they are taken into account as an ongoing expense (FIRE-relevant), because they continue after you leave working life.