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My neighbor has purchased a duplex (two unit) rental, and is trying to determine rent amounts. Any simple formula for this? He has to cover his mortgage, taxes, and insurance. Other ideas or input??

James P, PA on Friday, June 29, 2007

RE: Rent Amounts in New Rental

This is a good question, especially if you are just getting started as a landlord. It is true that a good initial amount is defintely "What will it take to cover my expenses?" If that is not able to be done, you might want to consider if it is a good property for you to buy.

Posted by Kathleen M, DE on Tuesday, July 3, 2007

RE: Rent Amounts in New Rental

Have you resolved this question? I would make sure that in additon to covering your known costs, you plan for the unexpected costs that will alawya come along! Maybe go 10% higher on your rent, if you feel you can, to cover added expenses.

Posted by Denise S, PA on Monday, July 9, 2007

RE: Rent Amounts in New Rental

Yes a profit lol.

Posted by cheryl w, NY on Thursday, September 4, 2008

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