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Updated about 3 years ago on . Most recent reply

User Stats

94
Posts
26
Votes
Zackarias Aitchison
  • New to Real Estate
  • St Catharines, Canada
26
Votes |
94
Posts

How Do I Account For Seasonal Fluctuations & Vacancies?

Zackarias Aitchison
  • New to Real Estate
  • St Catharines, Canada
Posted

Hey! 

I'm looking at purchasing a property that I'd turn into an AirBnB in a skiing town. 

During the long winter months here in Canada, the AirBnB will be rented out for sure, 

But how do I account for the slow summer months or even unpredictable vacancies in my expense calculations? 

Thank you in advance, cheers!

Most Popular Reply

User Stats

413
Posts
412
Votes
Joshua Strickland
  • Investor
  • Flowery Branch, GA
412
Votes |
413
Posts
Joshua Strickland
  • Investor
  • Flowery Branch, GA
Replied

Run your numbers based off annual revenue, not monthly.

Save profit from the busy season to use to pay your mortgage in the slow season. Example: I’ll make $15k profit off my beach condo in July, but I’ll loose $2k in February. Numbers still work annually.

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