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Ask Millionacres: What Percentage of My Rental Income Should Be Allotted for Expenses?

[Updated: May 20, 2021 ] Aug 19, 2020 by Matt Frankel, CFP
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Q: I just bought my first rental property, and the rent is significantly higher than my mortgage payments. I'm wondering how much of my rental income I should be setting aside each month to cover expenses. --- Keith