How much profit should you make on a rental property?

+1 vote
asked Jun 10, 2018 in Real Estate - Renting by Gellouio (400 points)
How much profit should you make on a rental property?

2 Answers

0 votes
answered Jun 12, 2018 by lulumeon (40,870 points)
Most people only profit from $200.00 to $400.00 per month from rental properties especially if you have a mortgage payment to make from that monthly rent payment that is made to you.

To make a good living with rental properties you'd need at least 10 rental properties to bring in enough income to fully live off of.
0 votes
answered Jan 26, 2023 by Moranti (140 points)

A lot can go into setting up your rental property, including insurance, homeowners association fees, utilities, advertising, cleaning, repairs over time, rising mortgage payments and taxes are some critical factors, to name just a few.

Some rental property owners hire investment management firms 
https://interactive-wealth.com/ to take care of the property, with fees typically between 8% to 12% of the monthly rent collected.

As an investment, a rental property can be a slower - but reliable - source of income than flipping a home at the height of a booming real estate market. Though home values soared in the past two years, that frenetic pace is slowing.

A rental property can be a smart investment - if you can afford it.

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