Why You Can’t Sell Your House: How to Sell Your House When It Won't Sell by Nickel Ryan

Author:Nickel, Ryan [Nickel, Ryan]
Language: eng
Format: azw3
Published: 2015-06-06T16:00:00+00:00

You must first determine how much rent is typical for your neighborhood. It can be as easy as jumping on to Craigslist to see what people are renting their houses for.

At this point, you’re going to want to talk to property management agencies to learn more about rates, and search for similar rentals online. Craigslist, Rentometer, and Rent.com are also good resources to check.

You also have to factor in your vacancy rates in order to get an idea of how much money to two or more expect over a year of renting. You can plan on your house being vacant for months a year as you advertise or get your property ready to be rented. So set your rent accordingly to cover those two months of

vacancy.

Example: So if your mortgage is $1,000/mo. That’s $12,000/yr. You’ll need to rent your home for more than your mortgage of course to cover the cost of vacancy along with other costs like property management and maintenance.

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