ilmscore | Prediction Details
"your property taxes might cost you around 15% of your monthly rental income your property insurance might cost you another 5% of your monthly rental income your maintenance might be around 8% your management another 8% and then vacancy another 8%"
By Minority Mindset | October 25, 2024 | Pending
From video
How to Live Off Rental Income: The Real Estate Wealth Formula 00:09:40 - 00:09:55
Interpreted Prediction
A general rule of thumb suggests allocating approximately 15% of monthly rental income to property taxes, 5% to insurance, 8% to maintenance, 8% to management, and 8% to vacancy.

Prediction Details

Topic
Real Estate Investment Expenses Rule of Thumb

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.