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General Landlording & Rental Properties

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Vicki Gleitz
  • bennett, CO
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Renting for less than fair market

Vicki Gleitz
  • bennett, CO
Posted Dec 7 2014, 22:16

In February, my son will be renting out the 3/1 house he bought in September. Ultimately,in a few years, this house will be one of many of homes in an Autistic intentional community within an already existing community, but in the meantime it will be a regular rental.

He would like to rent the house for less than fair market value.  He is thinking renting it for about $500 a month with the tenants paying for all utilities except for the security system and trash pick-up. [ which are not actually utilities] These, along with insurance and taxes, will cost my son about $182 a month. 

The home has been renovated [actually, we are still working on it]and the roof, plumbing, electrical etc. are all in good condition.

Do you think he can rent it out at this price and not lose money?

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