Average Rental Maintenance cost in Oklahoma City
It is recommended that the average home maintenance costs for a rental property in Oklahoma City, particularly for an older home, should not exceed 10% of your gross rental income, but it could be higher. Newer homes typically require less maintenance.
For a newer home, the maintenance costs should range from 5-7%. For example, if your property is an older home rented out for $800 per month, the maintenance expenses should ideally stay below $80 per month.
However, this guideline may not always apply in situations with frequent turnover (e.g., tenants moving every 12 months) or persistent issues like a recurring problem with an old sewer line.
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