Start a new topic
Discussions ezLandlord Questions and Answers General Property Management

Rent Amounts in New Rental

My neighbor has purchased a duplex (two unit) rental, and is trying to determine rent amounts. Any simple formula for this? He has to cover his mortgage, taxes, and insurance. Other ideas or input??
3 CommentsSorted by Oldest First
This is a good question, especially if you are just getting started as a landlord. It is true that a good initial amount is defintely "What will it take to cover my expenses?" If that is not able to be done, you might want to consider if it is a good property for you to buy.
Have you resolved this question? I would make sure that in additon to covering your known costs, you plan for the unexpected costs that will alawya come along! Maybe go 10% higher on your rent, if you feel you can, to cover added expenses.
Yes a profit lol.
Login to post a comment
More topics in General Property Management
  • Covid-19
  • Renter paid Initial lease payment but never ez signed
  • How to Utilize The PayStub?
  • SHOULD BOTH NAMES BE ON LSE IF TENANT AND GIRLFRIEND BOTH LIVE THERE
  • PA Landlords
  • transfering leases on a sale.
  • Credit Checks
  • Upset tenents.
  • Month to month rent increase
  • Apartment Hotel question
    ezLandlord, Inc. 22228 St. Barts Lane Estero, FL 33928
    BECOME A MEMBER - DOCUMENTS - TENANT SCREENING - RENT PAYMENT - PRICING - RESOURCES