In a message dated 1/7/2003 9:11:07 AM Central Standard Time,
ruskik@yahoo.com writes:
Jean, Although I haven't delt with LV properties, I do lease out
property in Nashville. A rule of thumb is 1% of the selling price of
the property. Now this is for yearly unfurnished. I would think that
between 1% and 1.2% may be reasonable. Also, some of the "Time
Share" management companys may be able to quote you what they get for
some of their properties. Good Luck, Nashville Rich
This does not sound right to me. Do you mean a 150K cond would rent for $1500
a year or $125 a month. I don't think so. I have always heard a rule of thumb
that a rental property was worth 5 to 7 times it annual rental fees.
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