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Updated almost 9 years ago on . Most recent reply

User Stats

24
Posts
2
Votes
Michael Lee
  • Plano, TX
2
Votes |
24
Posts

Recommendation for listing a rental property

Michael Lee
  • Plano, TX
Posted

So I have followed the forum for a while to learn how to pick a rental property and thought I have figured out how the number works since I am a CPA, until now it comes to the point to put the rental to the market...

So i ran the number when picking the property, including the expected monthly repair & maintenance, and was confident the property can produce a 10% cash to cash return. and I was wrong... I didnt take the listing agent commission into account, which is one month rent, about 3-4 months of the net profit from the rental. so only if the the lease turns out to be a decent long term, otherwise my number will not come anywhere close to 10%...have thought about to list by self, but only problem is i dont have too much time to show the rental during weekdays...that's why i am thinking to have my agent to help me out. any ideas how we usually handle this? eat the cost and move on or spend the time and effort to find a tenant by self? thanks

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