Laran Baste
on May 1, 2024
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Start with the base rent charged to tenants to calculate your rental income accurately. Consider the market rates in your area and the amenities your property offers. Factor in any additional fees. Subtract the vacancy rate (the percentage of time the property is unoccupied) and account for potential rent increases in the future. Utilizing a real estate calculator or consulting with a property management expert can help you make precise calculations.
Link here: https://www.ingrammortgageteam.com/maximizing-profits-how-to-calculate-and-optimize-rental-income-for-your-investment-property/
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