
Of course, there are market rents for similar properties that will influence the amount of the rent you can charge in a competitive environment, and you can use the convenient Area Rent Comparison Search in the sidebar on this page to see what other homes similar to yours are charging for rents in the local area. Using the valuable Costs – To – Rent Calculator in the sidebar, you can enter your costs and determine the amount of rent necessary to break even, and the rent you may be able to charge to realize a certain percentage return on investment.
- Mortgage payment amount.
- Annual taxes.
- Repairs and maintenance estimates or historic amount.
- Allowance for vacancy periods between tenants.
- Insurance costs.
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Again, what we can do on your behalf and on what time schedule may be determined by state and local laws, but rest assured that we’re taking the best action at the earliest time that is allowed. Late rent penalties will be enforced and any late charges assessed and collected. Per our rental property management agreement and appropriate laws, we will take action to evict tenants in default on their lease and retain any deposits allowed by law. Our job is to maximize your return on your rental investment and minimize non–payment costs.
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