[quote=scott-at-alumni]I suspect you are being a bit pessimistic about all the costs. Big city mgmt fees, at least in the SFBay area, often run around 7-8%, so that’s $112, not $160. Advertising via craigslist is more than sufficient. Maintenance number seems high – I’ve got 3 older (pre-1980) SFHs rented and I haven’t had major problems yet, except for 1 furnace replacement, in 10 years of renting them out. And how did the 1% for maintenance become $200/month? I must have missed something. 1% would be less than $200/year.
[/quote]
I usually figure Proeprty/casualty and Liability as running the same as
local taxes, if it’s a bit lower, cool, as for 1% of the maintenance, what i was
thinking was 1% of the property value, per year. college kids are
rough on a project, so, it’s a good number there.
i just don’t like the idea of running a rental anywhere you can’t
get to in 25 minutes.
