Monthly Rental Amounts? - Posted by Todd

Posted by Laure on May 06, 2000 at 17:56:02:

Don’t count on getting more that what others are getting for rent. I get top of market here, and some say my prices are too high, or “I can’t afford that”. I do get a bit more that other Landlords, but in the middle of winter, I sometimes settle for less money rather than have a vacancy with high heat bills. If you are buying a house this expensive to rent, then you need to get more than your mtg. payment, or buy a cheaper house. You’ll lose your butt if you don’t.

Laure :slight_smile:

Monthly Rental Amounts? - Posted by Todd

Posted by Todd on May 06, 2000 at 11:29:23:

What is the best way to determine what you should set your montly rent at? based on the going rent in the area OR what the tenant would pay if they were making a mortgage payment on the home? also, based on the current value or off of my “projected” value 18 months down the road.

most RENTAL homes in the area of the house that I am trying to Lease/Otion go for $750 a month. a mortgage on this home right now would EASILY be greater than $850…probably $900 - 950 for FHA.