LANDLORDING 101 – CASH FLOW KAREN RITTENHOUSE
Four main factors determine how much
rent you can charge:
•
Location
•
Size
•
Number (and location) of bedrooms and
bathrooms
•
Condition
Of primary concern is how much you must receive
every month to break even and, hopefully, make a
profit. To determine that amount, you must know
your PITI. How much do you pay every month to
cover:
The principle payments to your mortgage
holder
The interest you pay on that amount
Your property taxes
Possibly mortgage insurance
Before you purchase,
know all of your costs
to own the property
and be sure you can get
at least $200 more
than that for your rent