President Joe Biden - Kamala Harris Administration

As a small-time landlord, I affirm the rents are increasing but the standard on what to charge in rent hasn't kept pace.
I learned from my dad that a target of 1% of property value as monthly rent is a good threshold. Above that is great. Below that is riskier. That's the threshold I've adhered to.
Currently monthly rents are running around .7% of value.
I adjusted my threshold down to 1% of money in a rental. If 150k of my money in, 1500 in minimum monthly rent (in a property worth 225k).
Wages are lagging behind inflation. That's normal but this cycle seems extra lag-ish. I am risking a significant amount of money that we aren't evolved to a new normal (.7% of FMV = good rent) AND wages will eventually inflate. Basically betting rents will push even higher in the coming years. If they do, I will look like a financial wizard.

Yeah, running about .75%-.76% of value per month here.....

I have no debt on them but long term math dont work here and sold one of them earlier this year and one late last year...
 
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