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Updated over 7 years ago on . Most recent reply

User Stats

22
Posts
2
Votes
Samari Robinson
  • Real Estate Professional
  • Morristown, New Jersery
2
Votes |
22
Posts

Is 5% too high for the variable landlord expenses ?

Samari Robinson
  • Real Estate Professional
  • Morristown, New Jersery
Posted

Is 5% too aggressive for a property that is fully turnkey and has a performing tenant? For example, let's say the roof is less than 5 years old. I wouldn't have to save as much since it was recently done? The same goes for repairs and maintenance. If all the appliances are brand new. I could put less money away per month since all the appliances are new. Would 2% or 3% be more reasonable to put in the calculations since all these repairs were made ?

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