There are a number of discussion on the "Landlords of the Vilages" Facebook group.
Basically, the overall cost of carrying a house is about $35,000 per year. This was done by Dick Betts, a local realtor who has his own web site with lots of info. So, dived that by 12 and you have an average needed rent just to break even. Most people post their houses on RFAV or VH4R web sites and know well that you can only get a good payback during peak season (maybe Dec-Mar)...So, you'll have to do the math.
Agree with other comments that even with remote security, cameras, etc you will want an entrusted home watch service to flush toilets, check for critters, make sure the landscaper is doing their job, etc. About $100-$200 per month....
|