All Forum Posts by: Ron Tafoya

Yes, very thin margin.     I have $$ set aside in rental property  account if anything goes sideways.

I will check into your suggestions. 

Thanks.

Hi, new landlord here with just under a year into rental property.

I have read through numerous posts about this but wanted to ask the question, do you have tenant pay all utilities?   

My tenant has a one year lease which is up in May.  Tenant pays $1275 rent plus water, rental mortgage is $1119 .  I pay sewer, garbage, and electric which in a monthly breakdown comes in at around $80 per month.  I am thinking when lease expires go to a month to month with all utilities paid by tenant.  Essentially I would be raising rent but not the actual dollar amount per month for "rent".  At the very least I will have tenant pay Electric and Sewer to increase my profit margin.   

Thanks

Ron

Thank you Kim and Karen.  

Hi,  New to forums and just about one year into the rental property side of things.  Im from North Central Washington in East Wenatchee.  

Ron