Vacation Rental Operating expenses
I I have just begun researching investing in a vacation rental. Can anyone point me in the direction of information regarding operating expenses for vacation rental? Are there any simple rules of thumb to evaluate deals on vacation rentals similar to the 50% rule or the 2% rule? I am assuming these are not useful for vacation rentals due to the extreme difference in operating costs.
If it helps, the properties I will be researching our single-family beach. Thanks in advance for any guidance.
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Take a look at the following spreadsheet as well: https://www.dropbox.com/s/r1alsf4itmi4mll/VRBO%20C...
It was put together by Nayt Grochowski and it should give you a really good idea of where you are standing based on the purchase price and expected rental return. The spreadsheet in it's current form it's using a 44% occupancy rate.