OwnerSecrets.com

Family or Investment/ Income Home Near Ocean! Great family home or income producing property near the ocean. 3 Bed/2 bath home with double car garage and private large yard. Home was completely remodeled in 2006 from ground up with top-of-the-line fixtures and amenities. Tile floors cover the kitchens and bathrooms, laminate floors throughout the rest of the house. New roof, new interior/exterior walls w/ hardy plank siding and enough insulation to keep the house warm year round. Rent out the back unit($500/mo) and live in the front. Call Lucky 707-954-7926 for more homes like this. www.LuckyStarRealty.com

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So you bought a second home and decided to rent one of your homes, but you don’t know if you should do it. The first step in figuring out if you should rent the house is to figure out your expenses, also known as the nut. The nut is the cost of keeping your house going, which includes mortgage payments, utilities, repairs, taxes and any other monthly cost.

The second step is to figure out a rent price. This price must be a competitive price for the area. It should be more than your “nut” and you should be making a nice profit, however, it should be a price appropriate for your area.

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