Estimating operating cost on a new construction STR

[Laura Casner]

Hi!  Anyone have advice on general rules of thumb or ways to estimate operating cost for a short term rental new construction? I need to figure out a base operating cost so I can consider this when I assess land purchase price, but I"m finding it very difficult to asses things like insurance, property tax, utilities etc. on something that isn't build yet. Any advice? 

[John Underwood]

Property tax is public record, you can look up a neighbor's property.

Ask a neighbor about their utility costs.

Call an insurance broker and get a quote based on your build specs.