Say if lot rent is $300 while the rental part is $200 making the total rental at $500. What spread between them is needed to break even on the home rental part?
We average $1,500 per year per home and we try to make the homes bullet & dummyproof with quality repairs timely. As part of that allocate for capital improvements. This does not bake in home value and depreciation. Cost of labor and home age, quality play a big factor (i.e. your mileage can vary significantly).
Thanks for the reply jhutson. $1,500 sounds fairly reasonable. Do you have a policy for tenants handling minor repairs under a certain dollar amount?