The foundation of your landlording business is what you get for rent each month, but there are other ways to make money, too. Despite recent depreciation of residential home values nationwide, inevitably prices will rise. It's just a matter of how soon and how much. But eventually you will have long-term gains: increased equity; appreciation; tax benefits for depreciation of your costs and mortgage and interest writeoffs. In this chapter you'll learn how to determine rent, how to calculate your return on investment, and how to take advantage of the tax benefits of owning rental property.

