Do you use the same metrics to analyze a vacation rental as you would a regular rental?
Hi Everyone,
I've tried searching through the forums for some info on this, but haven't found anything concrete, so figured I'd ask.
My question is whether you need to bump up normal assumptions, RE maintenance, PM, capex, etc. costs when analyzing a vacation rental property to see if it will cash flow versus a regular long-term lease tenant?
I assume there are going to be higher maint and PM costs, but how high should I estimate those costs for analysis purposes, and what other costs do you need to worry about that you wouldn't otherwise in a regular rental?
I would be looking at a SFR versus a condo, so no HOA or CCC type restrictions to worry about.
Thanks in advance for any input!