Ad · top
Landlords
Landlord Expense Calculator
Track and project your true rental property costs. Successful landlords know exactly where their money is going, avoiding the 'cash flow illusion'.
$
$
$
% of rent
% of rent
% of rent
$
You might also need
Landlord Accounting Software
Automate your bookkeeping and expense tracking.
Try it free →
Property Management Companies
Find top-rated managers in your local market.
Find a manager →
Landlord Insurance
Get the right DP-3 policy coverage for your rental.
Get a quote →
Sponsored links. We may earn a commission at no extra cost to you.
How to use this calculator
- Enter your monthly rental income.
- Input fixed annual costs: property taxes and insurance.
- Set your variable budgets: maintenance %, vacancy %, and management fee %.
- Add your mortgage payment and any landlord-paid utilities.
What your results mean
The calculator subtracts all your operational expenses from your rent to find your Net Operating Income, then subtracts your mortgage to find true Cash Flow. It also shows your Expense Ratio (expenses divided by rent).
5 tips to reduce landlord expenses
- Proactive maintenance saves money. Clean the gutters to prevent a $5,000 roof leak.
- Sub-meter utilities if possible. Tenants who pay their own water and electric use significantly less of it.
- Challenge your property tax assessments annually or bi-annually.
- Shop your landlord insurance policy every 2 years. Loyalty rarely pays in insurance.
- If your property manager charges 10%, see if you can negotiate to 8% or self-manage using software.