AirBnb - What's a reasonable Maintenance Cost for Wear & Tear?

AirBnb - What's a reasonable Maintenance Cost for Wear & Tear?

Investor · Member since 2021 · 265 posts · 305 votes

When running an AirBnb that has fairly high volume, 80% occupancy, what is an expected wear and tear budget?

I don't mean the cleaning and managing, but:

the repainting, plumbing repairs, replacing appliances, repairing things that wear out , etc?

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Rental Property Investor · Seattle, WA · Member since 2017 · 387 posts · 249 votes
5y

I think it's up to you and your aesthetic. I throw 5% of rents into a savings account each year and tap that when I need it.

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  • Real Estate Agent · Houston, TX · Member since 2019 · 763 posts · 500 votes
    5y

    There are a lot of factors to consider here. Age of the property, size of the property, types of renters, avg length of stay, avg rate per night.

    A brand new property is going to require ALOT less daily maintenance than a 30 yr old property that has never been rehabbed. That being said a 1 bedroom condo is going to cost ALOT less than a 4 bedroom house. All details you need to consider for accurate answers.

  • Rental Property Investor · Seattle, WA · Member since 2017 · 387 posts · 249 votes
    5y

    I think it's up to you and your aesthetic. I throw 5% of rents into a savings account each year and tap that when I need it.

  • Rental Property Investor · Seattle, WA · Member since 2017 · 387 posts · 249 votes
    5y

    My place is niche...off-grid cabin, wood stove and we dont rent in the coldest of winter months. So I don't think it'd help you in your calculations. Best of luck.

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