Vacation Homes Help

Question by An open mind…: How is the profit return for rental properties?
Im just curious to see how people feel about rental properties regarding income? How have your expiriences with rental properties been?

Best answer:

Answer by Big Tom
In my opionion the best way to make a profit on rental property is to charge a few hundered dollars more than the mortgage and taxes for the property are. You can then sock away the extra money in a maintenance account to pay for repairs. Then after about 10-15 year hopefully the house will appreciate and you haven’t done a lot of repairs. That way you can sell the house and pocket the profit and any extra maintenance fund money.

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