how much does it cost to rent my house out

Best answer

How much do letting agents charge to rent out my home? A tenant-find only fee is about6-8% of a 6 month rental agreement fee. This can be higher in London. A tenant find plus rent collection agreement can be more, at 8-12% of the monthly rent collected. While full management fees will typically cost landlords 10-15% of the rent collected.

People also ask

For example, a home valued at $220,000 would rent for $2,200 per month. However, there are many factors to consider when setting a rental price, such as local rent control laws, the cost of similar rentals in the area and changes in the local market.

How to determine a rental price. Many landlords use the 1% rule to estimate rental value ?which suggests charging 1% of the home value for rent. For example, a home valued at $220,000 would rent for $2,200 per month. However, there are many factors to consider when setting a rental price, including: Local rent control laws.

Usually, property management company fees fall between 7% and 15% of the property rental value. Any expenses, such as the cost of hiring a plumber, would be added to that cost. There are, of course, companies that have a flat rate fee instead.

Whether you檙e moving jobs and find yourself needing to rent your home, are having to rent out a home you檙e struggling to sell or adding to your rental property portfolio, making sure you charge the right amount is critical.