10 Things to look out for when renting out an apartment

[CityFarmer]

If you think about it, it makes sense. Gross rental is simply the gross amount charged to the tenant, but the landlord has to bear other costs such as property tax, conservancy charges (condo fees if it's a condo) and utilities. Though for some cases I think the landlord prices in the utilities into the rental, but it's tough to control how much electricity, water and gas your tenant uses.

So if you deduct all those, it's probably around 80% which you get to keep as net rent.

Pending for more experience shared by other, let me share my indirect experience

The expenses are
- Property tax
- Agent fee (amortize into the contracted period)
- Maintenance cost
- Misc cost

The allocation of expenses is about 15%-20% of the rental, which is tally with others experience.