If you’re looking for a property to rent, you should think about adding utilities. Some landlords choose to keep these costs in their name and handle additional bookkeeping and billing. Others choose to put the utilities into the tenant’s name and make the payments directly. Whatever you decide, it’s important to do the research beforehand. It’s also important to note that landlords can charge a monthly fee for utilities, such as garbage pickup or water.
Facebook Marketplace can help you find a rental property. This website lists thousands of properties, and lets you narrow your search by the most important criteria. This could include price, location, pet policy, and number of bedrooms. Once you’ve found a rental property that fits all these criteria, you can apply for it. Once you’ve submitted your application, landlords will receive a decision within hours. In addition, Facebook Marketplace’s customer service team is available to help you if you have questions.
Before you invest in property rentals, you’ll want to figure out the return on investment (ROI). This is the percentage of your income that you’ll earn each year, divided by the expenses. Mortgage-financed rentals tend to have a lower ROI, so you’ll want to use the cash-on-cash approach. Once you’ve calculated the expected rental income, you’ll need to calculate your annual expenses, which include taxes, insurance, homeowners association fees, and mortgage payments.