The rent does not cover all

[Ricardo Lemus]

Hi there,

You guys probably went thru some of my post already and even help me with some experiences - Thanks a lot :)

This time, after 6 months on this, I think part of my brain is saying that somehow I am in the right direction, and the other part is saying something is going on with the rent price I have set for my properties. After 6 months I have two properties and since day 1 they have been rented.

However, making some numbers and organizing the 2025 budget I am not sure what to think about my first step on this journey.

The rent covers the mortgages (10 year loan both) however I have to take out of my pocket some % to cover HOA and management fee. Roughly is $400 for both properties.

What do you think, was a good move to get these properties? should I adjust the rent, considering I know the same floor plan could be higher?

Thanks as always.

RL