beach front vacation rental business plan
Hi All,
i have several rental properties, traditional - residential areas. I have recently moved and am 1031'ing some $$. I am near a beach. I do not know how to assess beach the Beach Condo Rental Market. I'd love a tool, a spreadsheet - plug and play with some numbers, this and that - to see what NOI could look like, Cash on Cash, Cap Rate calculations, etc - all of that. Does anyone know where I can go to find something like that - an assessment tool, or some rules of thumb, similar to the 1% rule for rental or the 70% for fix and flips? thank you....Michael
i have several rental properties, traditional - residential areas. I have recently moved and am 1031'ing some $$. I am near a beach. I do not know how to assess beach the Beach Condo Rental Market. I'd love a tool, a spreadsheet - plug and play with some numbers, this and that - to see what NOI could look like, Cash on Cash, Cap Rate calculations, etc - all of that. Does anyone know where I can go to find something like that - an assessment tool, or some rules of thumb, similar to the 1% rule for rental or the 70% for fix and flips? thank you....Michael