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Updated almost 3 years ago on . Most recent reply

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David Acree
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Rent + p.a. I don't understand

David Acree
Posted

I saw this and I don't understand what it means.  This property is near Sacramento, CA.

Thank you for not laughing at the noobie.....



Potential rent is $50K+ p.a

David.

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196
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Joel Allen
  • Rental Property Investor
  • San Antonio, TX (Lender in TX and SC)
253
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196
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Joel Allen
  • Rental Property Investor
  • San Antonio, TX (Lender in TX and SC)
Replied

@David Acree

This isn’t a term I’ve seen often, but based on the context it appears to be “per annum”, which is Latin for ‘per year’.

So, the listing is telling you the potential rent amount is $50K or more each year.

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