How Do You Know You Are Charging Enough Rent?
If you own rental property, your goal is to keep it occupied as much as possible. That way, you have plenty of cash coming in that you can use to cover your expenses. At the same time, how do you know that you are charging enough for rent? There are several factors to consider, and you may want to reach out to an expert who can help you. The Quick 2 Percent Rule If you are looking for a quick way to estimate the rent you should charge, you may want to use the 2 percent rule. This dictates that…