Another related suggestion: It would be nice to have Rental Income organized as a top level group in Total Inflows

Top-level group for “Rental Income”, then sub item: “Property name ($total income)”, then hover over or sub-item off of “Property Name $(total income)” to show Net Rental and Non-taxed Income amounts and breakdown.

On a related note, I’d like to be able to specify that I’ll move into my rental property in a certain future year, and either sell or start renting out my current home. The tax implications of this can get messy if you’re taking into account the owner-occupied capital gains exemption on sale.

upvoting this one – I’d love to show that in X years, the house I live in now will become a rental property and I will live in another house. I can’t model today unless I mark it as “sold”, which messes up tax implications etc.

Another upvote! In PL, I’ve been wondering how to model a property as my primary residence and then, in my retirement year, convert that property into a full-time rental. I think the enhancement suggestion in this thread will encompass that idea.

Adding to this:

It would also be useful to associate multiple one time expenses with a home, and value appreciation associated with them. These would affect the cost basis of the home as well for tax purposes.

One scenario: adding an ADU that starts as a shop but becomes a future rental, so an initial building cost, then a retrofitting, followed finally by a rental income stream.

Another: contemplating improvements to create an AirBnB.

A third: adding a family room/pool/deck to an existing home.

This is a suggestion that I would really like to see implemented. My use case is simply: Buy a new house and rent out the old house when I move. I think this is common advice today and it would be great to see how that impacts models. Thanks

Jumping on to echo this. Renting out a previous residence feels like a really common use case in general, but since this is geared toward FIRE folks, it feels all the more important. Anyone going down the real estate path for retirement needs this functionality to use the app since it is a massive lever in their wealth.

Could this include modeling a mortgage refinance event? E.g. cash out refinancing triggered at a date, or at a particular value.

Agree and upvoting - would be a great feature!

Can we have real estate as a separate type of investment. Then you can ad real estate returns to go with it.

Upvoted. For content, my use case is converting a ‘Home’ asset into a rental property upon moving, and compare the financial impact of that decision, vs. selling and purchasing new ‘Home’ as my primary asset. .

Full support. I have two rentals and a primary residence. Over the next 3-15 years, I’d like to move among the three, while continuing to rent out the two I’m not occupying. I’d like PL to help me plan idea times to move. Thanks!

Echoing what others have said, as a future prospective real estate investor, another useful tool would be just simply more easily comparing the long term impact of buying real estate and renting out vs. investing in the market. A comparison feature would be helpful with the monte carlo simulations added in too.

dieing for this. General rental income at year/date. I define the properties now at plan start and cancel them thru an expense but that’s a pretty messy method. Especially important as i’m sure more than a few have some extra property from various means especially since the covid run up , rental, hedge, str, inheritance and some area’s have negative outlooks due to insurance, slowing market, nice to model a theoretical keep as rent vs liquidate if possible and flip the equity into other investments.

Just to add an example to my previous , i have one property i keep a family member up in, i fully expect to liquidate or rent it in the future 5,6 years, etc who knows. In the meantime it has full set of expenses with no income as well as avg increase. To work around modeling it i have to specify it for rent and add an expense for x number of years. Which really is confusing on the cash flow tab.

I very much need this for my planning. Hope it gets added soon!

My example is: Live in a duplex and will move out for a period of time and a renter will occupy, doubling the overall rental income for the duplex. At some point I may move back.

Very keen for this! I’m trying to model exactly this scenario—living in a property for a decade and then converting it to a rental—and it’s surprisingly hard to do cleanly right now without fake sales and purchases that throw off cashflows. This feature would make it easier to build realistic plans and track the transition properly. Thanks for moving it to planned!

I’m currently doing Reno for a few years and will not rent it out for 2-3 years. I currently can only model immediate rental income. Would love to choose a rental income start date!,