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Is there a rule of thumb based on property value for determining what monthly rent to charge for a residential property?
Rental values vary widely from place to place. It is best to take a look at the market in the specific area. You should be able to look through the local rental ads and figure out a rough ratio based on square footage, which is going to be related to property value. An apartment in NYC would get ten times as much as the same apartment in, say, Flint, Michigan. I charged about what a mortgage on the property would be, given the current housing price and so on. You'll also need to look at the newspaper to see what similar properties in your area are renting for. Even if you rent for a few dollars less, your property isn't sitting empty.
What else can I help you with?
What is the monthly service charge for Bank of America?
The service charge is $1,000 a month.
What are the difference between LEVY and TAX?
Tax is a charge that government imposes on the property to keep control over the property by the owner and levy is the charge that government imposes in case of defaulting tax.
What does mtot mean?
Merchant Total ... it is a monthly charge from your credit card processor for running Mastercard/Visa transactions.
The method of determining depreciation that yields successive reductions in the periodic depreciation charge over the estimated life of the asset is?
straight-line
Can a credit card company charge off an account when they are receiving monthly payments?
Yes, if the monthly payment is not the minimum amount agreed upon, a breach of contract has occurred on the part of the account holder and the creditor may take whatever action they decide is warranted.
What is the wastewater charge and how is it calculated for residential properties?
The wastewater charge is a fee imposed on residential properties for the treatment and disposal of wastewater. It is typically calculated based on the amount of water used by the property, as measured by the water meter. The charge may also take into account factors such as the size of the property or the number of occupants.
What is the monthly charge for a month-to-month lease?
The monthly charge for a month-to-month lease is the amount of money you pay each month to rent a property without a long-term commitment.
How can you calculate your elecric bill?
To calculate your bill, you will need to take your usage for the month (in kilowatt hours) and multiply by the energy rate, which is currently 9.17 cents per kilowatt hour. Add this to your monthly customer charge (currently a flat rate of $7.21 for all Alcoa Electric residential customers) to get your total monthly charge.
How does GST on commercial property rent differ from GST on residential property rent?
GST on commercial property rent and residential property rent differs mainly in terms of applicability and exemptions. For commercial property rent, GST is applicable at the rate of 18%. Commercial properties, such as offices, shops, and other business premises, are considered taxable supplies under GST. The landlord must charge GST on the rent, and the tenant can claim the input tax credit (ITC) for the GST paid, provided they are a GST-registered business. On the other hand, residential property rent is generally exempt from GST, provided the property is used for residential purposes. If a landlord rents out a residential property for accommodation, GST is not applicable. However, if the property is rented for business purposes (e.g., serviced apartments), GST may be applicable. The key difference is that commercial property rentals attract GST, while residential property rentals are typically exempt, unless used for business purposes.
What website can you download music for a monthly charge?
iTunes.com is a great site and if you download the music it's no monthly charge
What does Charlotte Propertys charge in fees?
"For a single property managed by Charlotte Properties, there is a monthly fee of 10% of rent collected. For three properties or more, that fee decreases to 8% (per property) with a $75 minimum."
What charge is not included on a monthly water bill?
initiation charge
Does BMW charge a monthly fee for heated seats in their vehicles?
No, BMW does not charge a monthly fee for heated seats in their vehicles.
Does rune scape charge you monthly?
You can play for free, but if you have a membership, the payment is monthly.
How much is the iPhone monthly?
Okay, the monthly charge of an iPhone is in total a whooping $70.00!
Does downloading itunes charge on your monthly bill?
No, it does not.
How much will cricket charge to reconnect a phone?
$15 plus monthly charge
