rentals

[Jasmine Wilkes]

What formula do you use to determine if its a good rental or not.? 

[Stephanie Bureau]

Use the rental calculator under tools. Make sure to get a good average rent for the type of property and location. Don't forget all the expenses (VIMTM: vacancy, insurance, maintenance, taxes and management) as well as mortgage. VIMTM should be about 50% of your rent if I'm remembering correct for the 50% rule (of thumb), but it won't always work out that nicely and the other 50% is mortgage and your cash flow or profit.