Landlords!

06-27-2019, 01:40 PM

Given that everyone here lives in a different state, county, city, town, etc. what percentage of rent would most of you say you're actually bringing home at the end of the day after taxes, etc.?

In MD it typically works out to:
1. One months rent to realtor that rents it
2. 10% of rent to property management (if you so choose to go with one)
3. ~30% to income tax
4. ~1% value of home to property tax annually
5. Etc.

UncleWede · 07-01-2019, 01:16 PM

^ My dad's formula (and he still has several rentals in multiple states) was that if he could get the property so that the mortgage was paid with 10 months/year of rental for the area, it was a good investment.

06-27-2019, 01:40 PM	#23
FCobra94 Guest 0 Rep n/a Posts Drives:	Given that everyone here lives in a different state, county, city, town, etc. what percentage of rent would most of you say you're actually bringing home at the end of the day after taxes, etc.? In MD it typically works out to: 1. One months rent to realtor that rents it 2. 10% of rent to property management (if you so choose to go with one) 3. ~30% to income tax 4. ~1% value of home to property tax annually 5. Etc.
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07-01-2019, 01:16 PM	#24
UncleWede Long Time Admirer, First Time Owner 18448 Rep 9,428 Posts Drives: G01 X3 M40i Dark Graphite Join Date: Jun 2005 Location: Oxnard, CA iTrader: (0)	^ My dad's formula (and he still has several rentals in multiple states) was that if he could get the property so that the mortgage was paid with 10 months/year of rental for the area, it was a good investment.
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