Rental Property Expenses
Does anyone know if there is a list of expected % percentages of expenses for property rentals?
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It all depends on the type of property, size, and condition, age is sometimes a factor.
Quote from @Jane Parsons:
Does anyone know if there is a list of expected % percentages of expenses for property rentals?
As a rule of thumb, you can anticipate:
10% for taxes and insurance
10% for maintenance
10% for vacancy
10% for capital expenditures
10% for management
These numbers vary market to market, house to house, but you can generally anticipate sending 50% of your rental income on those things each month (either spending or setting into reserve). Deduct your mortgage and what's left is cash flow.
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