General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Expenses with parental property
Title: Expenses associated with rental property
I have been trying to determine what profit I would have left over each month after bills were paid for a rental property. I have yet to buy so I want to have a god idea of what's to come as far as bills go so i can get into my first deal. Below are the expenses I believe I must account for when evaluating a rental property. Please tell me if there is anything I am missing:
Fixed Expenses:
electricity / water and sewer / PMI / garbage / insurance / property taxes
Variable Expenses:
vacancy % / R&M / CapEx / Property Mgmt.
Any suggestions as to what are good % to use when determining the variable expenses?