Which of the following identifies the ongoing costs associated with owning a property?

Operating expenses are the recurring costs that a property owner incurs during the ownership of the property. These expenses typically include items such as property taxes, insurance, utilities, maintenance, management fees, and repair costs. Understanding operating expenses is essential for property owners because they directly impact the overall profitability of an investment property.

Equity refers to the value of an owner's interest in a property after subtracting any outstanding mortgages. It does not pertain to the ongoing costs associated with ownership.

The down payment is the initial amount paid when purchasing a property, which helps determine the loan amount but is not something that recurs after the purchase.

Investment costs can refer to various expenses related to acquiring or improving a property but do not specifically focus on the ongoing operational costs of owning and maintaining the property. These costs are more related to the initial acquisition and development rather than what is continually incurred as part of ownership.