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Updated over 10 years ago,

Vance Krancey's profile image
Vance Krancey's profile image
Vance Krancey
  • from Downingtown, Pennsylvania
  • Member since Jul 24, 2014
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Vance Krancey's profile image
Vance Krancey's profile image
Vance Krancey
  • from Downingtown, Pennsylvania
  • Member since Jul 24, 2014
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Vance Krancey
  • Downingtown, PA
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What is the formula for rental income?

Vance Krancey
  • Downingtown, PA
Posted

My ex is taking me to court as I've recently started renting my townhouse. 

Since I live with my finance, the townhouse is technically still my primary residence, but being in a small community this news travels fast.

Is there a formula, general or specific to PA, that show your actual income?  

Mortgage is $800, HOA is $70...I rent it for $1325.00 a month. How much of that is actual income? I know you are allowed X% for maintenance etc...

Just looking for some basic advice..

Thanks in advance,

Vance

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