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john70t john70t is offline
You do not have permissi
 
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Join Date: Aug 2001
Location: midwest
Posts: 28,649
The rent multiplier is 1% to 1.5% as I've been told.
(i.e. If the house is valued at $100,000, the rent should be $1,000/month.)

PROPERTY TAXES ARE THE #1 CONTROLLING FACTOR.

As a LL, I still have a problem with this.
Tenants without excess spending money cannot afford to enjoy themselves.
They don't spend money at bars, restaurants, theaters, art exhibits, or other local entertainment.
They aren't able to afford a decent lifestyle when all their income goes into rent.

The tenants suffer.
The whole city eventually suffers.
Old 05-15-2015, 11:13 AM
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