Yearly PITI: roughly $28,000 Yearly association fee: $2500 Cleaning fees (paid by renters) Yearly average utilities (cable, phone, heat, electric): $3240 Yearly advertising costs (vrbo/homeaway.com etc): $600 Total costs: $34400 The house rents solid 3 months in the summer and 3 months in the winter.

I am looking at 2BR 1 bath unit right now and had a question - this is investment property for me and wondering when i don't have tenant in this property, how much should i account for utilities and other things (i plan to have the tenant pay for utilities in addition to rent) so just want to have idea when unit is vacant, how much in addition to mortgage i have to account for. thx.

I've never been asked to short, over the phone, by customer service, by anyone else.

More forclosures coming in every month in that size and price range and getting financing for those babies limits the number of customers knocking on your door.

Who pays utilities?

Pay your bills on time, don't apply for department store cards, don't apply for too many credit cards (3 is enough), try to keep your utilization under 50% and don't close accounts even if you do not use them.

Screening, vacancies (mostly, these won't turn into purchases), advertising, make-ready, utilities while its vacant, insurance, taxes, etc., will still fall to you.

Jeffrey, Operating expenses include taxes, insurance, management (even if you do it yourself), maintenance, advertising, office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, utilities (if only during vacancies), vacancies, capital expenses (not technically an operating expense), etc, etc, etc.

That and you can customize, add advertisements, etc.

For first class it's .48 cts.Very good quality, great customer service.