Calculating rental percentage on multi-unit building when some of the units were not rented for the entire year.

I own a 2 unit rental building. Both units are rented at fair market value. One of those rental units was rented all year but the other unit was rented for 10 months (January 1 - Oct 31). After this unit became vacant I did not attempt to re-rent it for the remainder of the year because I was remodeling the bath room. How do I calculate the rental percentage for the whole building?

Reply to
Walt
Loading thread data ...

I own a 2 unit rental building. Both units are rented at fair market value. One of those rental units was rented all year but the other unit was rented for 10 months (January 1 - Oct 31). After this unit became vacant I did not attempt to re-rent it for the remainder of the year because I was remodeling the bath room. How do I calculate the rental percentage for the whole building? ============If you were remodeling either due to damage from the prior renter or to make it more presentable for a future renter (or to have a reason to charge more rent), I wouldn't worry about it and just use 100%.

Reply to
D. Stussy

The curiosity has got the best of me. What are you going to use the "rental percentage" for? Does it reduce or maybe capitalize your deductions for the rental property somehow?

Reply to
lotax

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.