Converting Primary Home to a Rental

[Daniel Kramer]

Hi BP Community,

I am relocating for a new job opportunity. My wife and I decided to rent our current home instead of sell. We found (or they found us) a young family who will be renting for the next few months and then we may go AirBnb for the summer months.

Given that our home was never intended to be a rental, I'm not sure how to calculate my rate of return. I'm not sure what inputs to include or what formula is best. We've already set the rental price so I guess this is more an exercise for my peace of mind.

Thanks,

Dan