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There are many possible benefits to investing in a rental property. It’s a great way to earn passive income, but to make sure you’re earning money, you need to calculate your net income accurately. To do that, you need to figure out your monthly gross income correctly, including your expected expenses and property taxes, management fees, and insurance. This is a good start to understanding if your rental is a good investment. Learn all about this in my latest video. Learn more: https://blog.legacyren.com/how-to-cal... #legacyrealestatenetwork #RentalPropertyIncome #RentalExpenses Timestamp: 0:00 — Calculate true net rental income 0:26 — Gross income 0:52 — Repair and replacement 1:12 — Vacancy factor 1:26 — Wrap up 1:51 — Reach out to me ------------------------- 🔻ABOUT US🔻 I am a rarity - a born and raised Prescott native! Being a native Prescottonian qualifies for a little "bragging rights" since this is such a wonderful place to live but, more importantly, it provides an insight to the history of the local real estate market and the direction which it is headed. For more than 25 years I have been involved in the banking and real estate industries and during this time I have developed a knowledge and insight that is very valuable to people interested in buying or selling homes and land. I have seen builders, developers and businesses come and go, dramatic growth that has affected traffic and employment patterns and challenges and opportunities that have allowed people to make, and lose, money through real estate investments. 🔻WATCH NEXT🔻 • Home Buyer Tips • Home Seller Tips • Homeowner Tips • Market Update • Real Estate Tips 🔻CONTACT INFO🔻 👉 Search all Prescott homes for sale https://www.legacyren.com/search#?q_l...|245&status=1|3&q_sort=createdAt-&q_offset=0 👉 What's your Prescott home worth? https://www.legacyren.com/homevalue Travis Bard Legacy Real Estate Network Powered by PLACE Keller Williams Arizona Realty 102 N Montezuma Street Prescott, AZ 86301 928-710-7007 travis@legacyren.com https://legacyren.com/ *Each Keller Williams office is independently owned and operated 🔻FOLLOW US 🔻 Facebook: / legacyrealestatenetwork Instagram: / legacyrealestatenetwork LinkedIn: / travisbard