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Deciding Budget For Rental Maintenance

Lonestarrealty
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Deciding Budget For Rental Maintenance

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  1. Deciding Budget For Rental Maintenance Effective rental maintenance budget can be drafted by using one of the following factors: Percentage Of Property Value Formula Calculate the rental property value and fix a percentage of the calculated value. Make it a point to keep aside this value as maintenance budget every year. 01 Square Footage Formula Add up the square footage of the rental property and budget a fixed dollar value per square foot for yearly maintenance. 02 Percentage Of Rent Formula Calculate the annual rent earned from the rental property and fix a percentage of this rental amount as the maintenance budget. 03 Other Factors Consider other factors such as age of property, condition of property, property type, and other risk factors to choose a suitable maintenance budget. 04 www.lonestarrealty.net Lone Star Realty & Property Management, Inc. 1020 West Jasper Drive, Killeen, TX 76542 Phone: (254) 699 - 7003 Image Source: Designed by Freepik

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