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First, do you own the apartment outright or do you have a mortgage against it? Positive cash flow from rental property usually is seen once the property is paid for. This could be considered a long term investment. Immediate profit could be seen if you sold the property for more that what you have invested it in. The amount you are charging for rent currently should cover any loans against the property plus have some to put back for the maintenance of the apartment that you are responsible for.

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17y ago
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12y ago

Some rules to abide by are:Never give a tenant the keys without the money and a signed contract, and never before getting an application. Also, try and avoic evictions by talking it out with a late paying tenant, and organize to repair anything that is causing problems for the tenant.

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Q: How do you manage rental apartments?
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