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Topic | How hard is it to be a landlord? |
IdiotMachine 12/25/18 10:43:49 PM #20: | misterbum posted... Do you have a sense of how much rent per month you can get for your place? Get an estimate of that from Zillow if you are not sure. Then factor in all the expenses youll be paying (mortgage, taxes, insurance, any utilities your town might force you to keep in your name) to get a sense of how much money youll be making on an annual basis. Then factor in some provisions for major expenses (vacancy, repairs and maintenance, capital expenditures) to get an even more conservative sense of what your net rental income will be. Zillow estimates rental houses in my neighborhood with the same bedrooms/baths and similar amenities to be around $1300/mo. So that's a $700/mo in gross profit, before any income taxes, property management costs, vacancies, repairs, maintenance, etc. --- ... Copied to Clipboard! |
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